Original article by Jonathan Shapiro, Sarah Thompson
The Australian Financial Review – Page: 1 & 18 : 10-Dec-18
Hugh Dive of Atlas Funds Management says the financial market is approaching the end of its bull run, resulting in lower-quality IPOs. Sebastian Evans of NAOS says many companies have no good reason for listing on the Australian sharemarket, and he does not anticipate an improvement in the quality of IPOs in the near-term. Meanwhile, Andrew Stevens of UBS says investors are becoming more selective with regard to IPOs. Coronado Global Resources and Viva Energy are among the recent IPOs that have underperformed.
ATLAS FUNDS MANAGEMENT PTY LTD, NAOS ASSET MANAGEMENT LIMITED, UBS HOLDINGS PTY LTD, CORONADO GLOBAL RESOURCES INCORPORATED – ASX CRN, VIVA ENERGY GROUP LIMITED – ASX VEA, REDCAPE HOTEL GROUP – ASX RDC, SMILES INCLUSIVE LIMITED – ASX SIL, EVANS DIXON LIMITED – ASX ED1, BLUE SKY ALTERNATIVE INVESTMENTS LIMITED – ASX BLA, PROSPA GROUP LIMITED, RAIZ INVEST LIMITED – ASX RZI, TRIMANTIUM GROWTHOPS LIMITED – ASX TGO, RCR TOMLINSON LIMITED – ASX RCR, LATITUDE FINANCIAL PARTNERS, WOODSIDE PETROLEUM LIMITED – ASX WPL, TRANSURBAN GROUP LIMITED – ASX TCL