Felix Group Holdings Ltd’s $12 Million Initial Public Offering

MinterEllison assisted Felix Group Holdings Ltd on the deal.

The initial public offering raised a total of approximately $12 million and to have a market capitalisation of approximately $47 million on listing.

Felix operates a unique cloud-based marketplace platform which connects contractors in the commercial construction and related industries with their suppliers. The platform is intended to make it easier for contractors and suppliers to find, manage and engage with each other by streamlining a range of critical procurement-focused business processes.

The primary purpose of the IPO is to enable Felix to invest in the development of the platform and to continue to expand the platform into new industries and geographies. The funds will also be used to attract and retain staff and to provide additional financial flexibility for Felix to pursue growth opportunities and improve access to capital markets.

Kidder Williams Ltd acted as financial adviser to Felix and Bell Potter Securities Limited acted as lead manager to the offer.

Bart Oude-Vrielink (Picture) and Sudharshan Senathirajah led the MinterEllison team and were supported by Sarah Soon, Alexander Persano and Sebastian Broome.

Involved fees earner: Bart Oude-Vrielink – Minter Ellison; Alexander Persano – Minter Ellison; Sudharshan Senathirajah – Minter Ellison; Sarah Soon – Minter Ellison;

Law Firms: Minter Ellison;

Clients: Felix Group Holdings Ltd;

Author: Michael Patrini