Original article by Michael Bailey
The Australian Financial Review – Page: 17 : 31-Jan-19
HLB Mann Judd expects Australia’s IPO market to remain subdued in 2019, after a poor performance in 2018. Companies that listed in 2018 had shed an average of 18 per cent of their value by the end of the year. IPO activity was also lower, with the number of floats falling from 110 in 2017 to just 93. Marcus Ohm of HLB Mann Judd notes that the 17 companies that have applied to list on the sharemarket so far in 2019 are seeking to raise just $179m in total.
HLB MANN JUDD, IFLIX LIMITED, NETFLIX INCORPORATED, VIVA ENERGY GROUP LIMITED – ASX VEA, CORONADO GLOBAL RESOURCES INCORPORATED – ASX CRN, L1 LONG SHORT FUND LIMITED – ASX LSF, ADRIATIC METALS PLC – ASX ADT, EXOPHARM LIMITED – ASX EX1, ELIXINOL GLOBAL LIMITE – ASX EXL