By Sarah Thompson, Anthony Macdonald and Tim Boyd
Geoff Wilson’s Wilson Asset Management is readying for WAR.
That’s the ticker for its new listed investment company, which is slated to spring to life with a $225 million initial public offering due to kick off as early as this week.
It is understood WAM’s team has spent the past week or two marketing WAR, or WAM Strategic Value, to existing clients and financial planning groups, to make sure the cash rolls in when the offer opens later this month.
The $225 million deal was slated to be priced at $1.25 a share, according to a presentation given to potential investors, while the first $125 million would be reserved for existing WAM investors (dubbed the Wilson Asset Management Family).
Read more in the Australian Financial Review.