Intelligent Investor

MA Financial Group Limited (ASX: MAF) - Float & IPO Details

Current share price for MAF : $4.630 0.03 (0.65%)

MA Financial Group Limited (MAF) is a financial services business with offices in Sydney, Melbourne, Hong Kong and Shanghai. Group provides asset management, lending and technology, corporate advisory and equities services. During the year, the Group expanded its Lending & Technology segment by acquiring Finsure Holding Pty Ltd and its subsidiaries (Finsure), a leading Australian mortgage aggregator, and MA Money Financial Services Pty Ltd (formerly MKM NewCo Pty Ltd) and its subsidiaries (MA Money), a residential mortgage lender.

MA Financial Group Limited (MAF) floated on the Australian Securities Exchange (ASX) on Monday, 10 April 2017. The company opened its first day of trading with a share price of $1.12 which was down 52.34% from its offer price of $2.35 per share. The first day of trading for MA Financial Group Limited on the ASX saw its share price move between a low of $1.12 and a high of $1.13, before closing at $1.13 per share which was 51.91% below its original offer price of $2.35 per share.
MAF's current share price of $4.63 is a $2.28 or 97.02% premium to its original offer price of $2.35.

MAF Float / IPO Details

Offer Open Date21 Mar 2017
Offer Close Date5 Apr 2017
Listing Date10 Apr 2017
Issue Price$2.35
Amount Raised$58,800,000
Shares Issued (new)25,000,000
Underwriter
Consultants
AuditorDeloitte Touche Tohmatsu

MAF Float / IPO Performance (relative to an issue price of $2.35)

Current Price$4.6397.02%
First Day Open$1.12-52.34%
First Day High$1.13-51.91%
First Day Low$1.12-52.55%
First Day Close$1.13-51.91%
All-time High$9.87320%
All-time Low-100%
12-month High$6.05157.23%
12-month Low$4.0773.19%

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SVT1 ServTech Global Holdings Ltd 3 Jan 2017 15 Feb 2017 17 Mar 2017 $0.20
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