DomaCom Raises $8m – Pre-IPO Fundraising Round Closing Soon!

DomaCom Ltd, an Australian company which has developed the first and only Regulated Fractional Property Investment platform in the country, have raised $8m cash in their pre-IPO fundraising round which is due to close Friday January 15, 2016

The raising will allow DomaCom to proceed to IPO and fund its operation to break even.

The raise was managed by Axstra Capital, a Sydney based Corporate Advisory Firm and led by corporate advisor Daniel Coombes.

“We are very pleased with the result and to be able to close the pre-IPO ahead of schedule,” he said. “The strong support received from investors is testament to the potential of DomaCom and the truly innovative pipeline of financial products it has developed. With this funding in place, the company can now focus its attention on the next step of listing on the ASX.”

The key objective of DomaCom is to provide a solution to the investment markets’ need for access to direct and specific property exposure through relatively small transactions with an initial focus on the Self-Managed Super Fund (SMSF) market. It does this by enabling investors to purchase “fractional interests” in specific properties of their choosing using DomaComs unique managed fund legal structure and online platform.

These fractional interests give investors exposure to an income stream and capital growth (or loss) of the underlying properties in direct proportion to the fractional interest purchased.

Over 30 financial planning dealer groups’ investment committees have agreed to put the DomaCom Fund on their approved product lists and DomaCom is gaining traction.

“We have already acquired our first 10 properties with another 57 property acquisitions in progress via adviser managed book builds which should take our total properties on the platform to nearly 70 properties with a market valuation in the order of $40 Million” says CEO Arthur Naoumidis.

Underlining the scale of property purchase that is possible through DomaCom, it recently launched a $410m crowd-funding campaign to purchase S Kidman & Co., Australia’s largest landholding. The pitch targets those keen for the Kidman Station to stay Australian-owned and registrations of interest from investors of over $30m have already been received.

Read more here.

KEY PRE-IPO HIGHLIGHTS:

• A total of A$8M has been raised to date from sophisticated and professional investors including a $2.5m investment from ASX listed Fund Manager Contango Asset Management
• Pre-IPO share price is $0.50 AUD
• DomaCom Ltd has over 140 shareholders

FURTHER INFORMATION:

Sophisticated investors interested in purchasing shares prior to the current offer closing on Friday 16th January can contact Daniel Coombes from Axstra Capital on (02) 8234 4409 or email [email protected].

 

ABOUT DOMACOM:

www.domacom.com.au

DomaCom Australia Limited is the operator of an investment platform offered through an ASIC regulated Managed Investment Scheme, the DomaCom Fund.

The DomaCom Fund enables investors to select properties of their choice in which they would like to invest. Via a book build process, investors can commit as much as they want towards the eventual purchase of the property/ies of their choice together with other like-minded investors. DomaCom has appointed Perpetual Trust Services Ltd to be the Responsible Entity and Perpetual Corporate Trust Ltd as the Custodian for the Fund. Perpetual holds the title for each property.

Ultimately, investors can select any Australian properties to invest in from residential, commercial, rural, retail, industrial and resort/leisure property lists.

ABOUT AXSTRA CAPITAL:

www.axstra.com.au

Axstra Capital is a Sydney-based Corporate Finance firm that specialises in capital raisings and corporate transactions for private and small cap ASX listed companies. Axstra Capital holds an AFSL No 390786.