Good evening,

Deutsche Balaton in Germany, Lowell Resources Funds Management in Melbourne, and Jeremy Bond and Matt Langsford’s Terra Capital in Sydney.

That’s the well-regarded trio bidding for allocations in the initial public offering of VBX Limited, sole owner of the Wuudagu bauxite project in Western Australia.

Stockbroker Morgans is raising $10 million at 60¢ per share at a $40 million to $55 million pre-money valuation. The company would list with a $49.9 million market capitalisation, and books are due to shut on Thursday.

Read the full story tomorrow and more on the Street Talk page.

• Tyro to cosy up to Stripeas Smartpay negotiates with Shift4
• Blackbird dealmakers salivate as $8.3 billion Airwallex fires up raising
• Barrenjoey, Morgans test IPO appetite for $100 million-plus Tetratherix
• Two analysts depart Pinnacle-backed Firetrail
• Jarden recruits Moelis healthcare banker

• Gold Road succumbs to $3.7 billion takeover from South African partner
• Radical shake-up looms for Australia’s wealth and funds sectors

Blackbird has asked its investors for $60 million ahead of Airwallex’s late-stage capital raising, which is yet to be announced.

The sharemarket snapped a seven-day winning streak after a lacklustre earnings report by Westpac and a plunge in the oil price sent banks and energy stocks tumbling.

Click here for the latest equity market wrap.