Autosports Group operates in the Automotive Dealership industry with a focus on Prestige and Luxury segments. They have announced an IPO to enable ASG to expand its existing operations, fund the Acquisition and to enhance its financial flexibility to pursue growth opportunities. In addition, the Offer will provide existing investors with an opportunity to realise a part of their investment, provide ASG with access to capital markets, provide a liquid market for Shares and assist ASG to attract and retain quality employees.

They will offer 66.7m shares at $2.40 per share, and expect to raise $159.3m. The offer will be conducted via a Broker Firm Offer, Employee Gift Offer, Priority Offer and Institutional Offer.

Macquarie Capital (Australia) Ltd and UBS AG Australia Branch are joint managers and underwriters.

Further information is available at http://investors.autosportsgroup.com.au