A couple of new listings this morning, first up is Investec Australia Property Fund (IAP). It’s a little different to your standard run of thie mile real estate fund as they already have a presence on the Johannesburg Stock Exchange - and have been since 2013.
Prices will range from $1.30-$1.35 depending on take up, you can find the prospectus here.
Lifted straight from the prospectus, “Viva Leisure operates in the health and leisure industry in Australia offering membership to members who use the Company’s health clubs with the majority operating under the Club Lime brand. The business was first established with a single club opening in 2004 and has since grown to 29 open clubs, with three additional clubs to be acquired upon listing and 16 (eight of these being a boutique offering) additional clubs scheduled to open this calendar year. “
You’ll need $1 per share for the pleasure, prospectus is available here.