VGI Partners Global Investments Limited - IPO open
VGI Partners Global Investments Limited (the Company) is seeking to raise up to $300 million, with the ability to accept an additional $100 million in over-subscriptions, to be managed by boutique fund manager VGI Partners.
The Company’s investment portfolio will focus on global listed securities, holding a combination of long and short positions, and cash.
VGI Partners’ founder and managing partner, Robert Luciano said: "The Company will make VGI Partners’ investment strategy available to a broader range of investors. VGI Partners seeks to “buy and hold” long term investments in what we consider to be great businesses that are not fully valued by the market, while also short selling securities which we assess to be vulnerable to a material decline in price.”
Offer opened: 3 August 2017
General Offer and Priority Allocation expected to close: 8 September 2017
Shares expected to commence trading on the ASX: 28 September 2017