IPO and ASX listing of RMA Global raises $12 million

1 min  04.07.2018

MinterEllison has advised RMA Global Limited (RMA) on its listing on the ASX and the initial public offering (IPO) of its shares to raise approximately A$12 million.

One of the first online agent rating sites to launch in Australia, RMA is an online digital marketing business which provides data on real estate agents, their active residential property listings and sale results.

The data from RMA’s platform can be used by agents to build their brand and market themselves, or by vendors to compare agents and find an agent or agency to sell their property.

MinterEllison advised RMA in relation to all aspects of the IPO and ASX listing, including undertaking due diligence and chairing the due diligence process, drafting the prospectus, obtaining Corporations Act modifications from ASIC and advising on various employment arrangements for executives and senior managers and employee share / option plans.

"We are pleased to have assisted RMA, an extremely well regarded player in online digital real estate marketing, with their listing on the ASX," said MinterEllison lead Partner, Bart Oude-Vrielink. "This is a big step for RMA, with the IPO receiving overwhelming support from investors. It's been a privilege to help RMA commence this exciting new chapter in its relatively short, yet successful, history."

MinterEllison previously advised RMA Global, then Digital Castle Pty Limited regarding a share sale, which completed in June 2017.

The MinterEllison team was led by Bart Oude-Vrielink (Partner). He was supported by Sudharshan Senathirajah (Special Counsel), Hannah Dixon (Associate), Alexander Persano, Scott McKerrow (Lawyers) and Caroline Foley (Graduate).

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https://www.minterellison.com/articles/ipo-and-asx-listing-of-rma-global-raises-$12-million

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