Argo Aims for $500m Infrastructure Float

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Tuesday, May 12th, 2015
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Argo Investments hopes to raise up to $500 million as it prepares to list a new global infrastructure fund on the Australian share market.

Argo, one of Australia’s biggest investment firms, has established Argo Global Listed Infrastructure to invest in a range of assets including airports, railways, toll roads and pipelines around the globe.

Argo is seeking to raise between $200 million and $500 million in an initial public offering of up to 250 million shares at $2.00 each.

Investors will receive one option for every share they buy.

The initial public offering will open May 26 and run until June 19, with the shares expected to begin trading on the ASX on July 3.

The portfolio of infrastructure investments will be managed by New York stock exchange-listed Cohen & Steers Capital Management.

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