Surfing champion Mick Fanning and skincare entrepreneur Zoe Foster Blake have emerged as high-profile IPO backers of Sea Forest, a seaweed cattle-feed business heading to the ASX on Wednesday in a rare listing.
The company, which is developing a seaweed additive for cattle feed that it says will reduce methane emissions, will have a market capitalisation of about $112 million after raising $20.5 million. The company made a loss of $9.1 million in the past financial year.
