An ESG-focused commodity marketplace that counts Macquarie and BP’s venture capital arm as investors has ruled off on a $52 million capital raising in advance of an ASX listing that’s expected to value it at $500 million. Xpansiv CBL Holding Group said it closed a $US40 million ($52 million) raising this week and revealed its intention to launch an initial public offering this year. Fund manager sources expected the IPO would value the company north of $500 million, and the float is expected to take place in the second quarter of the year.
Macquarie-backed Xpansiv readies $500m float
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