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Nicheliving is led by co-founders Paul Bitdorf (left) and Ronnie Elhaj.

Nicheliving launches $12m IPO

Property developer Nicheliving Holdings has announced plans to raise up to $12 million and seek an ASX listing to finance the next stage of its growth strategy.

Founded by executive chairman Paul Bitdorf and managing director Ronnie Elhaj in 2002, the Western Australian residential property company is seeking to raise the funds through the issue of 24 million shares at 50 cents each.

CPS Capital Group has been appointed as lead manager for the offer, with Steinepreis Paganin acting as legal advisors.

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