• Updated Feb 24 2017 at 4:22 PM

Moelis Australia pushing ahead with IPO, seeks to raise $58.8m

Moelis & Co Australia head Andrew Pridham.
Moelis & Co Australia head Andrew Pridham. Peter Braig

Moelis Australia is set to push ahead with plans for an ASX-listing. 

The investment bank and funds manager is seeking to raise $58.8 million via the sale of a 20 per cent stake in the company.

It is expected to lodge a prospectus with ASIC early next month and seek a listing in April. 

Moelis Australia staff and its US head office will own the other 80 per cent. 

Street Talk first revealed the listing plans in December.