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Australian retail property owner Home Consortium hires banks for IPO

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Australian retail property owner Home Consortium hires banks for IPO

Home Investment Consortium Co. Pty. Ltd., or HomeCo, has tapped investment banks Credit Suisse, Goldman Sachs and JPMorgan for a listing on the Australian stock exchange, The Australian Financial Review reported.

HomeCo, a Sydney-based owner of retail centers, expects to launch the IPO in November and raise roughly A$300 million for a valuation of more than A$1 billion, according to the May 29 report.

The company, founded in 2016, owns a portfolio spanning 485,000 square meters of retail space across 40 sites, according to its website.