News and Announcements
DomaCom Poised to List on the ASX
- Published October 18, 2016 11:40AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Crowdfunder DomaCom is poised to list on the ASX in the next few weeks, having raised $7.35 million of a targeted $10 million to underpin its next growth phase.
DomaCom CEO Arthur Naoumidis says that subject to some administrative issues, everything is on track to meet the official closing date on 23 October. [Share applications need to be in by 5pm on 21 October to enable processing.]
“We are very pleased with the result of our capital raising that has increased total shareholder numbers to nearly 700.
The injection of capital from this IPO will position DomaCom for its next growth phase – to build on the 59 property bookbuilds currently in progress, adding to the 24 properties already acquired.
We are active across the residential sector with existing and new development property and also have two rural properties set to launch,” says Naoumidis.
In addition to these projects, DomaCom is engaged in bookbuilding The Block apartments featured on the Channel 9 program and is working on a regional city town square development at Mount Barker, on the outskirts of Adelaide.
About DomaCom
DomaCom Australia Limited ACN 153 951 770 launched Australia’s first online fund to provide a property investment solution for the SMSF market and other long term investors through the fractional acquisition of units in a unique trust structure that enables investors to choose the property they want. Residential and commercial property Australia wide, can be accessed in this Fund from vendors and developers and available as individual properties or in multi-property model portfolios. DomaCom is also currently working towards an equity release product and intends to extend the technology to provide this solution for senior Australians to access much needed capital, whilst affording the next generation an opportunity for income and capital growth through property.
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