GemLife To Hit ASX After Australia’s Biggest IPO This Year
Adrian Puljich, chief executive officer of GemLife.
Good morning everyone, it’s Ben here in a damp Canberra, here’s what’s making headlines today.
Today’s must-reads:
• GemLife set to start trading after A$750 million IPO
• Qantas reveals data stolen in “significant” cyberattack
• US-Vietnam trade deal
GemLife Communities Group will start trading in Sydney on Thursday following a A$750 million initial public offering — the largest in Australia this year. It’s the end result of founder Peter Puljich’s idea four decades ago to turn a trailer park on Australia’s Gold Coast into a high-end retirement community for the over-50s.