Crescent-owned travel insurer to raise $475m in Australia IPO
Crescent Capital Partners-owned travel insurer Cover-More Group is targeting a A$521.2 million ($475 million) IPO on the Australian Securities Exchange.
According to a regulatory filing, the company will sell up to 260.6 million shares at A$2 apiece. Crescent plans to reduce its shareholding in the company to 13% from around 83% through the offering, while...
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