WAM Global Ltd. ( (AU:WGB) ) has shared an announcement.
WAM Income Maximiser Limited, a new listed investment company under Wilson Asset Management, has opened its initial public offering (IPO) earlier than planned due to strong investor demand, exceeding the minimum subscription on its opening day. The IPO aims to raise $510 million, with a significant portion allocated to existing shareholders of WAM’s other LICs, reflecting the company’s strategy to leverage its established investor base. This move is expected to enhance WAM’s market positioning by offering monthly franked dividends and capital growth, potentially attracting more investors seeking stable returns.
More about WAM Global Ltd.
WAM Global Ltd. operates in the financial industry, focusing on investment management. The company is known for its listed investment companies (LICs) that deliver fully franked dividends and capital growth through investments in high-quality equities and corporate debt. WAM Global Ltd. aims to provide shareholders with consistent returns and capital preservation over the medium to long term.
YTD Price Performance: 8.07%
Average Trading Volume: 283,535
Technical Sentiment Consensus Rating: Sell
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