Geoff Wilson’s expecting another baby.
The hall of fame stockpicker and father of seven listed investment companies under the Wilson Asset Management (WAM) banner is understood to have an eighth in the works.
Lucky No.8 will be called “WAM Strategic Value” and is expected to list on the ASX via an initial public offering this side of June 30.
Wilson’s team set up the holding company, WAM Strategic Value Limited, as an Australian pubilc company last week in a sure sign there’s a new LIC brewing.
Stockbrokers are also lining up for roles selling the deal; Wilson usually taps Hamish Nairn at Taylor Collison and Morgans, and he is not one to change a successful formula without the need to.
Read more in the Australian Financial Review.