Thakral Corporation says no final decision on GemLife IPO

There is no certainty that GemLife will proceed with any transaction.

Thakral Corporation, which holds a 31.7% interest in GemLife, said the latter is currently considering its strategic options, which may include a possible initial public offering.

This is in response to a news article published online by The Australian Financial Review on 2 April 2025.

“GemLife intends to conduct a series of introductory meetings with investors. There is no certainty or assurance that GemLife will proceed with any transaction,” Thakral said.