Ashurst has acted for Commonwealth Bank of Australia as the sole arranger and joint lead manager, and for Bell Potter Securities Limited, Lonsec Limited, Morgan Stanley Australia Securities Limited and Ord Minnett Limited as the joint lead managers of the initial public offering of shares in Platinum Asia Investments.

Platinum Asia Investments, a new ASX listed investment company launched by Platinum Asset Management Limited, is seeking to raise a minimum of A$150 million through the initial public offering.

Platinum Asia will focus on providing long term capital growth through investing primarily in undervalued listed securities of companies in the Asia Region (excluding Japan).

The Ashurst team was led by Corporate partner Sarah Dulhunty, assisted by senior associate Scott Lai and lawyer Sagar Sritharan. Partner Barbara Phair and senior associate Elke Scevak provided tax advice on the matter.