Original article by Sally Patten, Joyce Moullakis, Jessica Sier
The Australian Financial Review – Page: 13 & 17 : 19-Dec-16

Fund managers are bearish about the outlook for Australia’s IPO market in 2017. Data from Dealogic shows that a total of $US4.3bn was raised via IPOs in 2016, compared with $US5.6bn in 2015. Wilson Asset Management’s Chris Stott notes that many IPOs in the second half of 2016 have underperformed, which he says reflects a decline in the quality of companies that are listing. Kogan.com and Inghams are among the IPOs that have underperformed. In contrast, Afterpay has gained around 180 per cent since its sharemarket debut in May.

CORPORATES
DEALOGIC (AUSTRALIA) PTY LTD, WILSON ASSET MANAGEMENT, KOGAN.COM LIMITED – ASX KGN, INGHAMS GROUP LIMITED – ASX ING, PROPERTYLINK GROUP LIMITED – ASX PLG, REDBUBBLE LIMITED – ASX RBL, SILVER HERITAGE GROUP LIMITED – ASX SVH, AFTERPAY HOLDINGS LIMITED – ASX AFY, WELLARD LIMITED – ASX WLD, BAKER AND McKENZIE, TPG CAPITAL LP, CYAN INVESTMENT MANAGEMENT PTY LTD, FORAGER FUNDS MANAGEMENT PTY LTD