Aussie IPO revival fizzles as buyers baulk over stock slump
Melbourne
AUSTRALIA'S revival in initial public offerings (IPOs) is proving short-lived as investors baulk at buying new shares in one of the developed world's worst-performing markets. First-time share sales raised A$2.9 billion (S$3 billion) this year, compared with A$5.2 billion in the first six months of 2014, data compiled by Bloomberg show.
Greenstone Ltd last week scrapped what could have been the year's biggest IPO, with the insurance distributor saying …
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
HSBC says growing Chinese wealth fuels client investments in US
Discussion on EU-Asean FTA has shifted towards cooperation in specific areas: DPM Heng
US core capital goods orders rise moderately in March
Chinese tourists are again embracing international travel
Abu Dhabi raises US$5 billion with first eurobonds in three years
Thailand’s 500 billion baht handout aims to boost overall economy, not geared to poor: official