Shaw and Partners and Canaccord Genuity (Australia) have successfully executed the sale of Audinate Group (ASX.AD8) securities following their release from escrow. 

Approximately 21.5 million ordinary shares were traded at the price of $3.50 per share, being a $75 million transaction. 

The price represented a 10.3% discount to last close of $3.90, a 9.9% discount to 3-day VWAP of $3.884 and a 9.7% discount to 10-day VWAP of $3.875.

In June 2017 Shaw and Partners was appointed as Sole Lead Manager and Underwriter to the Audinate Group IPO. The company raised $21 million and listed on the ASX with an offering price of $1.22 per share.

About Audinate Group

Audinate is the leading provider of professional digital audio networking technologies globally. Audinate's Dante platform distributes digital audio signals over computer networks, and is designed to bring the benefits of IT networking to the professional AV industry.  Dante is used in over 1,100 professional audio products manufactured by market leading brands including Yamaha, Bose, Bosch, Shure and Sennheiser.