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L1 Group Limited (ASX:L1G)

ALERT: Price-sensitive ASX Announcement for L1G
Current share price for L1G : $1.295 0.23 (21.60%)+
Announcement
Release
26 Mar 2026 9:45AM
Price at Release
$1.065
Full Release
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Summary
L1 Group Limited announced the successful opening of the initial public offering (IPO) for L1 Gold Fund Limited, expected to raise approximately A$900 million. The IPO aims to deliver positive returns through investments in the gold sector, both domestically and internationally, with a secondary focus on other precious metals. The strategy mirrors that of the existing L1 Capital Gold Fund, and most current unitholders have chosen to roll over their investments into the new fund. The offering has garnered strong demand, prompting the early closure of the Broker Firm Offer period. Key figures such as Mark Landau and Raphael Lamm have committed substantial personal investments into the fund to align with shareholder interests. The new company is set to commence trading on the ASX under the ticker LGF on 24 April 2026, subject to regulatory approvals.
Key Points
  • IPO of L1 Gold Fund Limited to raise approx. A$900 million.
  • L1 Gold Fund Limited aims for positive absolute returns over more than three years.
  • The investment strategy includes domestic and international gold sector securities.
  • Strong demand led to early closure of the Broker Firm Offer period.
  • Founders committed a minimum investment of A$120 million.
  • Most unitholders of the Wholesale Gold Fund opted for rollover.
  • ASX listing anticipated on 24 April 2026.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.