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Australia's Mantle Group confirms 2019 IPO

Mantle Group Managing Director Godfrey Mantle confirmed plans for an IPO of his restaurants and pubs portfolio by mid-2019, the Australian Financial Review reported.

Mantle is also looking to expand his business, with a focus in Sydney, where it opened Squire's Landing venue at Circular Quay early in 2018.

Mantle has two additional restaurants scheduled to open in early 2019 at Westfield Sydney's rooftop space on Pitt Street, and is targeting at least four properties in the city by 2020, the publication added.

The company also opened a restaurant in Queensland, with another one to be opened in Gold Coast in May 2019.

Mantle, who also has properties in Brisbane, did not provide an estimate of the value of his portfolio, saying the company is undergoing a "due diligence" process, the Dec. 13 report added.