Ashurst has advised Genworth Mortgage Insurance Australia Limited (Genworth Australia) on its initial public offering (IPO). Genworth Australia was listed on 20 May 2014 with a market capitalisation of around $1.7 billion at listing, and will be included in key Australian indices.

The IPO, which is the largest in Australia to date in 2014, is the first insurance company IPO since 2003 and has performed well post listing.

The Ashurst team was led by Bruce Macdonald (Corporate) and Jonathan Gordon (Finance-Regulatory), supported by Rehana Box (Insurance), Ian Kellock (Tax) and a core team including Divesh Patel, Brady Weissel and Nicky Thiyavutikan.