The continued strength in the market, apparent improved business confidence and success of recent listings is warming up the IPO pipeline for the 12 months...
The continued strength in the market, apparent improved business confidence and success of recent listings is warming up the IPO pipeline for the 12 months ahead. An article in the Australian today suggests there could be up to $13 billion dollars in new floats over the next 12 months. With high profile names such as Nine Entertainment, Dick Smith Electronics and OZ Forex the value of IPO's is tipped to reach pre GFC levels. It looks like the success of the recent Virtus float now trading at a 40% premium to it's listing price has go PE firms eager to get active. A good article and worth a read (VIEW LINK)
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