Powered by MOMENTUM MEDIA
subscribe to our newsletter
Parent company of Dixon Advisory lists on ASX

Parent company of Dixon Advisory lists on ASX

ASX
Reporter
14 May 2018 — 1 minute read

Evans Dixon, the parent company of SMSF specialist firm Dixon Advisory, listed on the ASX yesterday after raising nearly $170 million.

The newly listed company closed its first day of trading with a market capitalisation of $580.2 million – up 8.4 per cent from the listing price of $2.50 per share.

There were 3,604 shareholders at the beginning of Monday, with the top 20 shareholders representing 51.95 per cent of the register.

Advertisement
Advertisement

It was a lacklustre first day of trading, with only $136,231 worth of Evans Dixon shares changing hands.

The company raised $169.5 million pursuant to the offer under its replacement prospectus, dated 5 April.

Commercial law firm Minter Ellison advised Evans Dixon on the listing and IPO.

Along with Dixon Advisory, Evans Dixon operates though its other subsidiaries Evans and Partners and Walsh and Company.

 

 

Parent company of Dixon Advisory lists on ASX
asx smsf
smsfadviser logo
join the discussion

When do you plan to undertake the exam under the new adviser education standards?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.