National Veterinary Care IPO oversubscribed posted - 03/Aug/2015
BRISBANE, August 3, 2015 – NVC raised $30m after accepting applications for 30m shares at $1 each. NVC chair Susan Forrester said, ‘The offering was several times oversubscribed and we thank investors for their overwhelming support and this strong vote of confidence in NVC. I encourage institutional and retail investors to continue their support for the business once the shares commence trading on the ASX from 11 August 2015, to take advantage of the consolidation and growth opportunities that exist in the veterinary services sector.’
The majority of the funds raised in the IPO will be used to acquire 35 veterinary clinics, including 32 general practice veterinary clinics and three associated veterinary service businesses.
After listing on the ASX, NVC will be the second largest provider of professional veterinary services in Australia and will be well positioned to take advantage of further growth in this industry.
The IPO was fully underwritten by Shaw and Partners Corporate Finance Pty Limited and Wilson HTM Corporate Finance Ltd.
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About National Veterinary Care:
NVC is a national provider of professional veterinary services delivering enhanced practice management and back office systems that remove the administrative burden of running an efficient vet clinic and free up vets to focus on clinical delivery. NVC is growing a community of practices across Australia to build on those efficiencies.
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BRISBANE, January 5, 2015 – As of the 5th of January NVC has occupied its support office at Corporate House on the Gold Coast.