Hall & Wilcox advises Victory Offices Limited on $30 million IPO and ASX listing

Leading Australian law firm Hall & Wilcox is pleased to have advised Victory Offices Limited on its successful $30 million initial public offering of securities and listing on the Australian Securities Exchange.

Victory Offices is a leading company in Australia’s evolving flexible workspace industry, providing comprehensive serviced office packages and co-working spaces as an alternative to traditional office space. The company was founded in 2013 and now has 19 locations open for business across Melbourne, Sydney, Brisbane and Perth.

The Hall & Wilcox team, led by corporate Partner John Hutchinson, advised Victory Offices on all aspects of the $30 million IPO and ASX-listing process. The team also comprised Partner Natalie Bannister,  Special Counsel Nik Dragojlovic, Senior Associate Jung Ryu and Lawyers David Holland and Harry Croft.

The IPO, which was fully underwritten by Ord Minnett, involved a Retail Offer and Institutional Offer of 15 million new securities, representing approximately 36.7% of the shares on issue at the time of listing on the ASX.

‘Victory Offices is a highly successful innovative business and we are delighted to have advised on this transformational step which facilitates its future growth opportunities’ John Hutchinson said.

Hall & Wilcox has a strong ECM practice, with extensive experience in capital raising and capital management transactions. We have acted in IPOs and ASX listings, secondary retail and institutional offerings, capital raising transactions by managed investment schemes, stapled security structures, on-market buy-backs and capital reductions. We also assist ASX-listed clients with ongoing compliance and corporate governance-related obligations.

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