Hopes fade for IPOs as Greenstone deal sinks

Original article by Sally Rose
The Australian Financial Review – Page: 21 & 24 : 11-Jun-15

ASX Limited’s Max Cunningham says fewer companies are pursuing IPOs compared with the same period in 2014, but he adds that the IPO market remains healthy. However, the outlook for IPOs is uncertain following Greenstone’s decision to abandon its $A900m float after lack of support for investors at the stock’s proposed issue price. Upcoming floats include Gateway Lifestyle, Adairs and QMS Media.

CORPORATES
GREENSTONE LIMITED, ASX LIMITED – ASX ASX, GATEWAY LIFESTYLE – ASX GTY, ADAIRS LIMITED – ASX ADH, QMS MEDIA LIMITED – ASX QMS, LINK MARKET SERVICES LIMITED, MURRAY GOULBURN CO-OPERATIVE COMPANY LIMITED, SHRIRO HOLDINGS LIMITED – ASX SHM, DONGFANG MODERN AGRICULTURAL HOLDING GROUP LIMITED – ASX DFM, MITULA GROUP LIMITED – ASX MUA, ARGO GLOBAL LISTED INFRASTUCTURE LIMITED – ASX ALI, INDIA FUND LIMITED – ASX INF, GARDA DIVERSIFIED PROPERTY FUND – ASX GDF, HOLLARD INSURANCE GROUP, UBS HOLDINGS PTY LTD, STANDARD AND POOR’S ASX 200 INDEX, COSTA GROUP OF COMPANIES PTY LTD, SMALLCO INVESTMENT MANAGER LIMITED, CARTER HOLT HARVEY LIMITED, PEPPER HOMELOANS PTY LTD, WISETECH GLOBAL PTY LTD

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