Original article by Michael Bleby
The Australian Financial Review – Page: 18 : 30-Jan-20
Research by HLB Mann Judd shows that 28 companies with a market capitalisation of less than $100m listed on the Australian sharemarket in 2019, compared with 72 in 2018. In total, just 62 companies debuted on the local bourse in 2019, collectively raising $6.91bn. The downturn in IPO activity has carried over into 2020, and HLB Mann Judd partner Nicholas Guest says many owners of high-growth businesses are likely to seek private equity backing rather than an IPO in the current environment.
HLB MANN JUDD