Cases & Deals

Apollo Tourism & Leisure completes IPO and ASX listing and acquisition of Apollo Motorhome Ultimate Holdings Pty Ltd

Clients Apollo Tourism & Leisure Ltd.

Jones Day advised Apollo Tourism & Leisure Ltd ("ATL") in its A$50 million initial public offering and ASX listing. The initial public offering was underwritten by Morgans Corporate Limited. ATL debuted on the ASX on November 4, 2016, and its share price on the first trading day closed at $1.325 (the IPO price was $1.00), giving the company a market capitalization of approximately A$192 million. This is the first IPO completed by Jones Day in Australia.

As part of the listing, ATL acquired Apollo Motorhome Ultimate Holdings Pty Ltd for A$125 million (US$95.2 million) for a combination of cash and scrip from the founding shareholder.