Gadens advised Aussie Broadband on its $40m initial public offering (IPO) and its successful listing on the Australian Securities Exchange (ASX).

Aussie Broadband is the fifth largest provider of NBN services nationally. Founded in 2003, the Australian owned and operated telecommunications company has over 250,000 customers across Australia.

Commenting on Aussie Broadband’s successful listing, partner Jol Rogers said: 

“It was a pleasure working with the Board and management of Aussie Broadband. We are proud to have been part of the successful IPO team for an Australian business with deep roots in regional Victoria and a strong focus on its customers, people and culture. The company is growing quickly and listing on the ASX will provide a strong platform to pursue further growth.”

The equity capital markets (ECM) team at Gadens has seen a wave of activity in 2020, supporting Aussie Broadband through its IPO which follows on from 4DMedical’s recent IPO and numerous secondary raises.

Shaw and Partners Limited acted as lead manager and underwriter and Findex Group acted as corporate adviser to the company.

Deal value: $40m raised with $190.5m market capitalisation on listing.