News and Announcements
DomaCom FY16 Update: $12m Raising in Pre-IPO Funding, $250m Crowd-Funding Campaign Launched, IPO Prospectus
- Published July 13, 2016 4:21PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
DomaCom Limited, owner of Australia’s first regulated fractional property investment fund, has been well received by Australian investors, raising $12m in pre-IPO funding over the past 18 months. DomaCom has demonstrated the versatility of its revolutionary investment model when it launched a $250m crowd-funding campaign to buy the iconic pastoral empire S Kidman & Co, Australia’s largest landholding. The pitch targets investors wanting to keep Kidman Station Australian-owned. Registrations of interest exceed nearly 5,000 investors who have pledged about $70m.
Following a 5-year development and launch phase which saw DomaCom acquire 16 properties for investors and initiate another 37 bookbuilds, the company is now taking the next major step on its corporate journey with a listing on the Australian Securities Exchange (ASX).
DomaCom is seeking to raise $10m, with the minimum of $5m already underwritten by existing shareholders and new investors. The IPO Offer opened on July 11, 2016 and is scheduled to close August 5, 2016.
ABOUT DOMACOM
DomaCom Ltd is the first and only regulated fractional property platform in the country. Following a 5-year development and launch phase which has seen the company acquire 16 properties and initiate another 37 bookbuilds, DomaCom is taking the next major step in its corporate journey with a listing on the ASX. DomaCom is seeking to raise $10 million in the IPO, with $5 million already underwritten.
To receive a copy of the DomaCom IPO Prospectus or Receive Offer, please click the button below.
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