A five-year-old boutique asset manager is now worth $5.8 billion AUD ($4.36 billion USD), according to Mister Market ... on the other side of the world.

Rajiv Jain GQG Partners Co-Founder, Chairman, Chief Investment Officer

Yesterday, GQG Partners [profile] IPOed, selling a 20-percent stake in the company. Fort Lauderdale, Florida-based GQG listed on the Australian Securities Exchange (ASX) at $2 AUD per share, and shares slipped a bit to $1.95 AUD ($1.46 USD) by market close there. (GQG stands for "global quality growth.)

As of September 30, GQG had more than $80 billion USD in client assets. So, it's $4.36-billion valuation translates into 5.45 percent of its AUM.

GQG remains 75-percent owned by its founders and team (every employee has a stake). And GQG's top leaders — chairman and chief investment officer Rajiv Jain, and CEO Tim Carver — have both committed to investing at least 95 percent of their after-tax IPO proceeds into GQG's own strategies (for at least seven years). Pacific Current Group also took a five percent stake in GQG years ago.

"This is the largest IPO in Australia this year and it received a strong response from both Australian and global investors," states Richard Sleijpen, managing director and head of global markets for Australasia at UBS. 

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