Original article by Chris Kohler
The Australian – Page: 20 : 10-Oct-16
Australia’s benchmark S&P/ASX 200 gained 3.9 per cent during the September 2016 quarter. However, data from OnMarket shows that the 24 IPOs during the quarter achieved an average return of 28.2 per cent over the period, and an average of 28.6 per cent in their first week as a listed company. Technology stocks in particular have performed well, although exceptions include Kogan.com, which is trading below its issue price.
CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, ONMARKET, KOGAN.COM LIMITED – ASX KGN, VIVA ENERGY REIT – ASX VVR, MICHAEL HILL INTERNATIONAL LIMITED – ASX MHJ, PROPERTYLINK GROUP LIMITED – ASX PLG, SCOTTISH PACIFIC GROUP LIMITED – ASX SCO, QANTM INTELLECTUAL PROPERTY LIMITED – ASX QIP