PEP-owned Spotless raises $919m in Australia IPO
Shares in Pacific Equity Partners-owned cleaning and catering contractor Spotless Group opened at a 9.4% premium to the IPO price on the first day of trading in Sydney following a A$994.6 million ($919 million) offering.
The stock subsequently fell back slightly and was trading around the A$1.71 mark as of Friday mid-afternoon, which gives the company a market capitalization of around A$1.89 billion. Spotless sold 540.5...
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