Salter Brothers Emerging Companies Ltd makes ASX debut
Salter Brothers Emerging Companies Ltd, a new listed investment company (LIC), has today started trading on the Australian Securities Exchange (ASX) after a successful Initial Public Offer (IPO) of shares.
Upon listing on the ASX, Salter Brothers Emerging Companies Ltd has a market capitalisation of circa $95 million, with the IPO attracting solid support from investors.
”We are very pleased with the company’s successful listing on the ASX and to have attracted investors who value the opportunity to access not only listed emerging companies that have performed strongly over recent times, but also unlisted companies that form part of our diversified portfolio and are difficult to access directly,” says Salter Brothers Emerging Companies Ltd’s Chairperson, John Vatovec.
“With our exclusive offering now available on the ASX, we look forward to the Company’s experienced investment team working to create value over the long term for our foundation investors and those who join us in future.”
Salter Brothers Emerging Companies Ltd provides investors with access to an experienced investment manager with a portfolio of investments in listed and unlisted Australian and international emerging companies with a market capitalisation of under $500 million.
The management and investment team of Salter Brothers Emerging Companies Ltd has extensive experience investing in both listed and unlisted companies in Australia and overseas and is seeking to provide investors with attractive risk-adjusted returns and capital growth and income over the long term.
Salter Brothers Emerging Companies Ltd will leverage the people, resources and relationships of the broader Salter Brothers Group which manages c.$2 billion in assets across property, credit and private equity. Salter Brothers Group has a track record of acquiring and adding value to specialist property assets and investing in selected growth businesses.