Crowdfunding Start-Up DomaCom Eyes $100m ASX Float

5th July 2016, The Australian By Ben Wilmot

DomaCom, the company that shot to prominence with a crowdfunding campaign to acquire the property assets of the iconic Kidman Station empire, is looking to float as a near $100 million company on the Australian Securities Exchange.

The ambitious group is hoping to ride the worldwide popularity of crowdfunding which it has used to set up real estate funds and it plans to extend its reach into the corporate bond market and equity release products.

Company founder, Arthur Naoumidis, who also set up the now listed portfolio technology provider Praemium, had previously flagged plans to raise $100m through a float last year but the timing of the IPO was pushed back.

DomaCom instead sought to raise up to $20m from wealthy investors and bulked up as a company that will be unique on the bourse and could make Mr Naoumidis one of the biggest winners from the crowdfunding craze.

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