FORT LAUDERDALE, FLA. — October 25, 2021 — GQG today announced its IPO on the ASX with the company’s founding shareholders listing approximately a 20 per cent stake. With an IPO offer price at $2 AUD/share, which implied a nearly $6bn AUD valuation, the IPO was oversubscribed.
“It is exciting to bring a global investment boutique of GQG’s caliber to the ASX,” said Richard Sleijpen, Managing Director Head of Global Capital Markets, Australasia at UBS. “This is the largest IPO in Australia this year and it received a strong response from both Australian and global investors. GQG’s exceptional growth profile and culture of investment performance and alignment with both clients and shareholders clearly resonated.”
GQG’s co-founders and team continue to own roughly 75 per cent of the company post-listing and every team member will now have an equity interest in the firm.
“This is an important step towards the vision we laid out when founding the company, of building an investment-led culture, and an institution that can outlive its founders,” said CEO Tim Carver. “Since our inception five years ago, this experience has outstripped anything we could have imagined. I am so proud of the efforts of our team, the quality of their work and the support of our clients.”
“This business has to be all about performance,” said Chairman and CIO Rajiv Jain. “That’s why we have always focused on having skin in the game. We want to be the most client and shareholder aligned firm that exists in the market.” Mr. Jain continued, “I think a public currency is a very valuable competitive weapon in the search for talent. We believe it will help us keep our great people and will give us an edge in finding the players or teams who can continue to drive our business forward in the years to come.”
In a continued commitment to client alignment, Carver and Jain have committed to co-invest at least 95% of their after-tax proceeds from the offering in GQG’s investment strategies for at least seven years.
ABOUT GQG PARTNERS
GQG Partners is a majority employee-owned investment boutique listed on the Australian Stock Exchange (ASX:GQG). The firm manages global and emerging market equities for institutions, advisors and individuals worldwide. Headquartered in Fort Lauderdale, Florida, we strive for excellence at all levels of our organization through a commitment to independent thinking, continual growth, cultural integrity and a deep knowledge of the markets. Supported by many leading investment consultants and financial institutions, GQG Partners manages more than US$80 billion in client assets as of September 30, 2021. For more information, please visit gqg.com.
US Media Contact
Steve Ford, Managing Director — Global Distribution
GQG Partners
+1 (754) 312-6107
sford@gqgpartners.com
AUS Media contact
Laird Abernethy, Managing Director — Australia & New Zealand
GQG Partners
+ 61 2 9238 8093
labernethy@gqgpartners.com
IMPORTANT INFORMATION
The information provided in this document does not constitute investment advice and no investment decision should be made based on it. Neither the information contained in this document or in any accompanying oral presentation is a recommendation to follow any strategy or allocation. In addition, neither is a recommendation, offer or solicitation to sell or buy any security or to purchase of shares in any fund or establish any separately managed account. It should not be assumed that any recommendations made by GQG Partners LLC (GQG) in the future will be profitable or will equal the performance of any securities discussed herein. Before making any investment decision, you should seek expert, professional advice, including tax advice, and obtain information regarding the legal, fiscal, regulatory and foreign currency requirements for any investment according to the law of your home country, place of residence or current abode.
This document reflects the views of GQG as of a particular time. GQG’s views may change without notice. Any forward-looking statements or forecasts are based on assumptions and actual results may vary.
GQG provides this information for informational purposes only. GQG has gathered the information in good faith from sources it believes to be reliable, including its own resources and third parties. However, GQG does not represent or warrant that any information, including, without limitation, any past performance results and any third-party information provided, is accurate, reliable or complete, and it should not be relied upon as such. GQG has not independently verified any information used or presented that is derived from third parties, which is subject to change. Information on holdings, allocations, and other characteristics is for illustrative purposes only and may not be representative of current or future investments or allocations.
The information contained in this document is unaudited. It is published for the assistance of recipients, but is not to be relied upon as authoritative and is not to be substituted for the exercise of one’s own judgment. GQG is not required to update the information contained in these materials, unless otherwise required by applicable law.
GQG is registered as an investment adviser with the U.S. Securities and Exchange Commission. Please see GQG’s Form ADV Part II, which is available upon request, for more information about GQG.
© 2023 GQG Partners LLC. All rights reserved. Information presented is as of October 25, 2021 and denominated in US dollars (US$), unless otherwise stated.
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