PXA – PEXA Group Limited

After years of speculation and anticipation PEXA will list in early July, trading is expected to start at around $17 with a market cap of about 3 billion, the IPO seems to be a done deal with few shares available to the retail market, After the listing LNK will hold 47% and CBA 29% so not much of a free float.

PEXA has a digital platform that handles about 80% of all Australian property settlements, the platform is scalable thus has international growth potential much like Afterpay and Xero and a few of the other tech favourites. Given the current exuberance the listing is expected to go of with a bang!