Leo Lithium’s A$100 Million IPO

Gilbert + Tobin advised Firefinch Limited and Leo Lithium Limited on the matter.

Firefinch Limited’s (ASX: FFX) spin-off Leo Lithium Limited closed its oversubscribed $100 million initial public offering and ASX listing.

The IPO, comprising a pro-rata offer to eligible Firefinch shareholders, a shortfall offer and an offer to Firefinch, received strong support from Firefinch shareholders and high quality institutional investors, closing oversubscribed. Over 90% of the offer was allocated to existing Firefinch shareholders.

In addition, each Firefinch shareholder who submitted an application under the shortfall offer for less than $2,000 was not scaled back. Firefinch has acquired its full A$20 million allocation under the Firefinch offer, as part of the IPO.

The G+T team was led by Corporate Advisory Special Counsel Matthew Watkins (Picture) and Corporate Advisory Partner Justin Mannolini. The team was also supported by Corporate Advisory lawyers Maree Casey and Shay Kiriakidis.


Involved fees earner: Maree Casey – Gilbert + Tobin; Shay Kiriakidis – Gilbert + Tobin; Justin Mannolini – Gilbert + Tobin; Matthew Watkins – Gilbert + Tobin;

Law Firms: Gilbert + Tobin;

Clients: Firefinch Ltd; Leo Lithium;

Sonia Carcano

Author: Sonia Carcano