Blue Sky Alternative Investments to list on ASX
6th Dec 11
Transitioning to a publicly listed company is a key part of Blue Sky’s long term growth strategy.
As part of the initial public offer (‘IPO’), Blue Sky is seeking to raise $7.5m for 22.3%of its share capital (on a fully diluted basis). This will be used both as regulatory capital to meet ASIC requirements as its assets under management grow, as well as to fund a range of initiatives that will promote growth in the Blue Sky Group.
The capital will not be used to purchase the interest of any existing shareholder, all of whom are retaining their shares in the company.
The listing is planned for December 16.