It’s on! Redox – the chemicals supplier and distributor shaping up to be the hottest thing heading for the ASX this side of Virgin Australia – will launch its insto book build on Monday.
UBS is aiming to have the build finalised by Monday night, according to a communication sent to investors. A successful ASX listing before June 30 would be a welcome relief for the frozen IPO market.
A slim three-page teaser talked up the concession’s critical infrastructure credentials, inflation-linked cash flows and 29 years of remaining life as key points for the infrastructure-minded to chew over.
Finally, three of Sun Cable’s founders are on their way out the door after the company was plucked out of administration by MCB, international student services business Education Centres of Australia got its revenue numbers in front of investors ahead of an ASX listing, and CPE Capital’s managing director is hanging up his boots after nearly eight years with the Sydney PE firm.
Happy reading, Sarah Thompson, Kanika Sood and Emma Rapaport Street Talk editors
The company began meeting with fund managers in late March, and analysts at UBS had previously pegging its vale at between $1.4 billion and $2.05 billion.
The up-for-grabs 20 per cent share has hit the auction block six years after private investors bought the concession from the government in a $2.6 billion deal.
