3 days ago
- Business
- AU Financial Review
This migrant family business will knock off Virgin as the biggest IPO
While we've written plenty about Virgin Australia's re-listing, the bigger IPO in front of fund managers this week is family-owned Queensland property developer and a cracking Australian migrant story, GemLife.
GemLife's roots stretch back to the late 1960s, when Peter Puljich and his now late wife Zdravka moved from Croatia to Sydney's Bondi, following a stint in a Villawood detention centre. Puljich taught himself to render on Bondi Beach's then brick toilet block: 'He used to render it, wash it down, re-render,' son Adrian Puljich says.
