In its monthly LIC wrap, Independent Investment Research (IIR) noted that three managers – Investors Mutual Limited, Antipodes Partners, and H2 Ventures – are all launching new LICs.
H2Ocean, managed my H2 Ventures and which invests in fintech start-ups, is one of these LICs and IIR notes the company is looking to raise between $27.5 million and $55 million in its IPO. Shares are expected to commence trading on the ASX in October.
Both the Investors Mutual and Antipodes Partners LICs – the QV Income fund and the Antipodes Global Investment Company respectively – are looking to raise around $300 million with their IPOs.
The IPO of the Antipodes Global Investment Company, which will invest in a global long/short strategy, is expected to close on 30 September, IIR said.
Investors Mutual is yet to lodge a prospectus with the ASX, although IIR said this is expected to happen in October.
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