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Argonaut Congratulates Stealth Global Holdings Ltd on it’s Successful Listing on the ASX

Argonaut is pleased to announce the successful $12.5 million Initial Public Offering (“IPO”) on the ASX of Stealth Global Holdings Ltd (“Stealth” or “the Company”). Stealth is a fast-growing sales and distribution group supplying safety, industrial, workplace and healthcare consumable products and customised supply solutions to business customers across the resources, engineering, transport and general industrial sectors.

Argonaut acted as Financial Advisor and Joint Lead Manager to the IPO which enabled Stealth to continue to progress its successful growth strategy by funding the acquisition of the iconic and market-leading Western Australian industrial and safety supplier, Heatleys, which was founded 30 years ago.

Post-acquisition Stealth will have access to a product range in excess of 500,000 products which it supplies to a growing customer base of more than 3,000 active customers across Australia, Africa, Europe and the Middle East.

Argonaut attracted a high-quality mix of retail, sophisticated and institutional investors to support the IPO and created a well-balanced and ‘tight’ register with the top 20 shareholders owning around 70% of Stealth post IPO.

Argonaut is delighted to have assisted Stealth successfully complete a transformational IPO and looks forward to continuing to assist Stealth grow its business and create value for shareholders.

Additional information regarding Stealth and its IPO at