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Australian non-bank lender Columbus Capital, which has the Homestar Finance lending brand, is reportedly preparing the company for an IPO.
It would value the entity at $750 million, according to the AFR Street Talk column.
Homestar has been providing home loans since 2004, while the Origin MMS business was previously ANZ’s wholesale distribution arm, and ranks as Australia’s oldest non-bank brand.
Columbus grew its mortgage business by nearly 50% in 2019 for a $20 million profit after tax.
Homestar Finance has a variable rate of just 1.79%, but to get the rate borrowers need to a 40% deposit on a loan of less than $850,000.
Columbus Capital's residential mortgage book is $6.7 billion. mer lender Homestar in 2018
Its founders were Andrew Chepul, who was previously at FirstMac, and Ilias Pavlopoulos, who was previously at CBA.
Columbus is one of the country's biggest non-bank lenders, alongside FirstMac, Liberty, Resimac, La Trobe Financial and KKR-backed Pepper Group, which is lining up a listing itself on a similar timetable, according to the AFR.
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Homestar Finance backers set for IPO

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Airbnb's initial public offering details highlights the pandemic hit on bookings.
But its been a long-awaited filing for an initial public offering in the United States showed that revenue growth had been slowing before the coronavirus pandemic.
The company is reportedly planning to raise as much as $US3 billion in December. Reuters reported the company could get a valuation of more than $US30 billion.
Airbnb plans for its shares to trade on the Nasdaq under the symbol ABNB.
Airbnb's bookings bottomed in April, plummeting 72 per cent from the previous year.
By June, bookings were down 21 per cent year-over-year.
Trading in 100,000 cities, the filing states that 70 per cent of the company’s top 200 largest cities have some form of regulation on short-term rentals.
Airbnb had a net loss of $US697 million on revenue of $US2.5 billion for the nine-month period to September 30, compared with a net loss of $US323 million on revenue of $US3.7 billion for the same period last year, according to the filing.
The company's filing also confirmed its gross bookings for the nine months ended September 30 tumbled to $US18 billion, down close to 40 per cent on the same period last year.
Airbnb's offering will be led by Morgan Stanley and Goldman Sachs. 
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jchancellor-FAypfDUnLy

Airbnb's initial public offering highlights the pandemic hit on bookings

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Property Exchange Australia Limited (PEXA) has been sold to a consortium headed by Commonwealth Bank of Australia (CBA), alongside Link Administration Holdings Limited and Morgan Stanley Infrastructure Partners Inc..
It submitted a bid which has now been accepted by shareholders holding a majority of PEXA's shares. 
The long touted Property Exchange Australia float was recently scrappe, paving the way for Link Group and its partners to take a majority stake.
PEXA assists members, such as lawyers, conveyancers and financial institutions, to lodge documents with Land Registries and complete financial settlements electronically. 
States across Australia have been moving across to the platform as the country aims for loans to become 100% digital.
The consortium will pay an enterprise value of up to $1.6 billion, depending on the level of final acceptances to the trade sale offer received by PEXA’s shareholders.
CBA was already a key stakeholder in the e-conveyancing platform. 
CBA chief executive officer Matt Comyn said having been a key stakeholder in PEXA since its inception in 2011, the decision represented its continued commitment to "support the property industry as it transitions towards an innovative, fully digital, settlements process that aims to provide improved experiences for customers.” 
CBA will invest a further $50 million, totalling approximately $100 million invested in PEXA to date. 
This will result in an increase in its ownership stake from 13.1% to 16%.
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No IPO as PEXA finally sold 

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Property company Nicheliving Holdings Ltd (ASX:NLH) plans to raise up to $12 million through an initial public offer.
It has lodged a prospectus with the Australian Securities and Investments Commission for the public offering.
The initial offering is priced at $0.50 per share with up to 24 million shares being issued. 
Perth-based Nicheliving says it offers diversified real estate services such as development, financial services, real estate sales, property management and project marketing.
It was founded by executive chairman Paul Bitdorf and managing director Ronnie Elhaj in 2002.
The company has a residential property development portfolio is more than $400 million with eight active projects and four in the approval phase, according to a media release.
Nicheliving specialises in managing residential developments which offer affordable housing options within various infill locations throughout the Perth metropolitan area, including Willetton, Canning Vale and Madeley. 
Upon successful completion of the offer, Nicheliving will seek to list on the Australian Securities Exchange (ASX) and utilise the funds mainly for acquisition and development of further new in-fill locations in Perth. 
The lead manager for the offer is CPS Capital Group Pty Ltd, with Steinepreis Paganin acting as legal advisors. 
An indicative timetable for the Nicheliving Offer is shown below: 
<a href="https://www.propertyobserver.com.au/images/2017/10/06/IPO.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/10/06/IPO.png" alt="">
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Property group Nicheliving seeks to raise $12 million through public issue 

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Pubs group Dixon Hospitality has ditched its initial public offering plans, after it received an approach from a domestic private equity firm late last week.
It has entered into discussions around a potential takeover.
Sources said Dixon's board, led by chief executive (and former Spotless Group boss) Bruce Dixon, decided on Monday afternoon that there was more value for shareholders in pursuing a sale to private equity than an ASX listing, Fairfax Media's Street Talk column reported.
The float was mooted at 13.8-times forecast 2018 financial year profit. 
Dixon owns <a href="https://www.urban.com.au/expert-insights/investing/60004-dixon-hospitality-set-to-secure-keystone" target="_blank">50 leasehold venues</a>, primarily in Sydney, Melbourne and Brisbane. 
The Australian also reported the development, but with a different rationale.
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Dixon Hospitality attracts private equity takeover interest

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Matt McCann, the former CEO of Australian product comparison websites iSelect and Compare the Market, has joined the online real estate business LocalAgentFinder, reports The Australian Financial Review.
LocalAgentFinder, a privately owned company, is preparing for an initial public offering in the first half of 2017.
It is expected to seek about another $20 million to $30 million in equity.
The company told shareholders that McCann's experience in corporate finance and in operating high-growth companies made him an ideal choice to lead the company's next phase of growth.
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LocalAgentFinder apppoints Matt McCann

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DomaCom Limited CEO Arthur Naoumidis has announced the company has increased the minimum raising to $6 million ahead of its impending IPO.
The corresponding underwriting commitment has also increased to $6 million to ensure that the minimum is fully underwritten.
The closing date of the offer remains at August 19.
Arthur said the company is continuing to work diligently on a number of initiatives including ongoing discussions with Retal Superannuation Fund to participate in the Kidman transaction being conducted by DomaCom.
“These discussions have progressed to the point that the company believes that the Retail Fund is likely to add the DomaCom Kidman Station to one of their funds with the potential to successfully raise the capital to acquire the land component of S.Kidman &amp; Company," Arthur said.
"There can, however, be no guarantee that this project will complete."
Arthur suggested that DomaCom is also in advanced discussions with a national charity that has a multi-billion dollar land bank including significant land holding bequeathed to the charity. 
“We feel this initiative may appeal to investors also looking for an ethical and socially responsible investment”, he said.
The proposal is to use the DomaCom platform to allow investors to partner with the charity to convert the bequeathed land to affordable housing. 
DomaCom can now confirm that its modelling does not show any need to raise further capital in the next two years thanks to the increased minimum capital raising and improved outlook for significant transactions.
 
 
 
 
 
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DomaCom Limited IPO update

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Property funds manager and ­industrial property specialist Propertylink is nearing its ASX float.
A listing would mark the ­return of former Valad boss ­Stephen Day to the public arena, with the company structured as a stapled vehicle that will specialise in core-plus style investing.
As revealed in The Australian in May Propertylink will seek to raise $500 million plus.
Two high-profile investors have emerged as backers to ASX-aspirant and real estate and infrastructure fund manager, Propertylink, The Australian Financial Review Street Talk column has revealed.
Point Capital, run by former Macquarie power bankers Michael Carapiet and John Prendiville, was approached about one year ago to inject capital into Propertylink.
Carapiet had several executive roles at Macquarie over 25 years, and Prendiville was a 20-year veteran and global head at Macquarie.
Goldman and Grosvenor are looking for an opportunity to sell down their stakes.
Carapiet and Prendiville's emergence in the Propertylink deal comes after sponsor broker Goldman Sachs set a $568 million to $690 million equity valuation range for the float.
Propertylink has snapped up a portfolio of eight industrial assets across four Australian states for $135.3 million from Charter Hall in May.
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Propertylink IPO nears

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LJ Hooker's long-planned $400 million initial public offering may have got delayed further until September, with UK real estate agency Countrywide chairman Grenville Turner flying into Sydney for meetings with potential investors, according to a report in The Australian.
Citi, the lead manager to the IPO, scheduled back-to-back meetings with potential investors to explain the revised listing date, the business strategy and point out the differences between LJ Hooker's float and the December-listing of property agency McGrath Ltd, reported the Australian business column Dataroom. 
LJ Hooker's listing was subject to completion of its merger talks with Victorian real estate firm Barry Plant, as the combined, bigger entity would look to emulate Countrywide by housing both brands in the same corporate structure and yet operating independently, the report said.
The listing would be under the name Empireal and when it lists would have nearly 10 percent market share, making it the largest in the sector.
Countrywide and LJ Hooker entered into a partnership in 2012 to expand their reach. LJ Hooker, an iconic real estate firm launched by Sir Leslie Hooker in 1928, has more than 700 franchise offices across Australia.
Turner was drafted in as a special advisor by Janusz Hooker, the majority shareholder.
The report said Hooker, Turner and Empireal's chief executive designate and the current CEO of LJ Hooker, Grant Harrod, updated investors about the status of the merger talks.
The perceived slowdown in Australia's property market and McGrath's poor show are possibly weighing in on LJ Hooker's IPO.
McGrath, whose shares fell below their IPO pricing on its first day on the ASX, have lost more than a third of their value in three months. They were trading at $1.34 in mid-morning trade on April 13 on the ASX.
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prateek24-ezbwHMbNAk

LJ Hooker public float may be delayed further: The Australian 

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Juwai.com, China's biggest international real estate portal, is seeking an initial public offering as early as this year, according to Bloomberg.
The firm was raising funds from institutional investors and strategic partners before selling shares in a public offering at the end of the year or in early 2017, Juwai chief executive Charles Pittar said in Tokyo on Friday. 
Juwai, which is based in Hong Kong and Shanghai, has two million unique visitors per month and means "Living Abroad".
It connects Chinese buyers with brokers overseas through 2.5 million listings on its website.
The company was founded by Australians Andrew Taylor and Simon Henry. The Australian reported its investors have included Simon Clausen.
Last year, Juwai reported unique users were up nearly 70 percent to 2.5 million a month.
Its property listings more than doubled to 4.5 million across 60 countries. 
Juwai's users have a budget of $US2.6 million ($3.4 million) on average, the company's presentation materials say, though typically looking for homes ranging in price from $US500,000 to $US1.5 million.
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