Herbert Smith Freehills advises home fragrance retailer on $70m IPO

Firm credits smooth IPO process to “collaborative approach and hard work from everyone involved”

Herbert Smith Freehills advises home fragrance retailer on $70m IPO

Herbert Smith Freehills (HSF) has advised home fragrance retailer Dusk Group Limited (dusk) on its $70m initial public offering (IPO).

The firm’s deal team was led by partner Philippa Stone and senior associate Alex Mackinnon, who were assisted by solicitor Jessica Palazzolo and governance specialists, senior associate Lauren Selby and solicitor Jessica Ginberg.

Known for its home fragrance products – including candles, reed diffusers, essential oils, electronic diffusers, and air purifiers— dusk is Australia’s leading omni-channel speciality retailer. The IPO was priced at $2.00 a share, raising $70 million for a $124.5 million market capitalisation.

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Canaccord Genuity and Shaw and Partners acted as joint lead managers on the IPO, while Allier Capital was financial adviser.

“We are very pleased to have assisted dusk on what is a significant milestone in the life of the company,” said Stone. “It was a great pleasure to work with the company and we look forward to continuing our relationship as they commence their life as an ASX listed company.” 

“We congratulate the dusk team on this significant achievement,” said Mackinnon. “The IPO process went very smoothly which was testament to the collaborative approach and hard work from everyone involved.”

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