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Pact plans $649m IPO

Raphael Geminder's packaging business, Pact Group, plans to raise $649 million under its initial public offering. In a prospectus lodged with ASIC, Pact will sell shares at $3.80 each. On listing, Mr Geminder will remain a key shareholder with a 40 per cent stake. Pact
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By InvestSMART · 28 Nov 2013
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By InvestSMART ·
28 Nov 2013
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Raphael Geminder's packaging business, Pact Group, plans to raise $649 million under its initial public offering. In a prospectus lodged with ASIC, Pact will sell shares at $3.80 each. On listing, Mr Geminder will remain a key shareholder with a 40 per cent stake. Pact

is forecast to generate $1.1 billion of sales

this year.
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Frequently Asked Questions about this Article…

Pact Group plans to raise $649 million through its initial public offering by selling shares at $3.80 each.

Raphael Geminder will remain a key shareholder in Pact Group, retaining a 40 percent stake after the IPO.

Pact Group is forecasted to generate $1.1 billion in sales this year.

The share price for Pact Group's IPO is set at $3.80 per share.

Raphael Geminder will hold a significant 40 percent stake in Pact Group even after the IPO.

Pact Group aims to raise a total of $649 million from its IPO.

Pact Group's IPO is significant because it offers investors the opportunity to invest in a company forecasted to generate $1.1 billion in sales, with a strong backing from a major shareholder like Raphael Geminder.

The $3.80 share price in Pact Group's IPO is significant as it sets the valuation for the shares being offered to investors, aiming to raise $649 million in total.