Get notifications in real-time for staying up to date with content that matters to you.
The shareholders of RAMS Home Loans have lodged a prospectus with the Australian Securities and Investment Commission (ASIC) for a $695.3 million initial public offering (IPO). The offer comprises of 278.1 million shares at a fixed price of $2.50 per share.
The float comes after months of speculation about the pending sale of the company. The decision, according to Kinghorn, to proceed with an IPO will allow existing shareholders to retain a material stake in the business, allowing them to build on RAMS’ strong growth potential.
The offer of shares will include a Broker Firm Offer, a Priority Offer and an Institutional Offer, but no general public offer.
Broker support is critical for borrowers looking to capitalise on...
The aggregator has welcomed specialty asset finance lender Austra...
The mortgage aggregator has announced the appointment of new busi...
The number one magazine for mortgage brokers
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Receive breaking news direct to your inbox each day
