Emeco moves mountains with A$1 billion IPO

The earth-moving equipment company hires Credit Suisse, Citigroup and UBS to arrange ASX listing.

Less than 18 months after being bought by private equity investors, international earth-moving equipment company Emeco is preparing for a A$1 billion plus listing on the Australian Stock Exchange.

On Monday April 10 the company appointed Credit Suisse, Citigroup and UBS as joint lead managers of the IPO, which is due in the second half of 2006.

If the trio meets market expectations and raise A$1 billion from the offering, Emeco will have an enterprise value of more than...

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