SHAREMARKET FLOATS

A Foxtel IPO still the goal for News Corp

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Original article by Max Mason
The Australian Financial Review – Page: Online : 13-Sep-19

News Corp global chief financial officer Susan Panuccio says the media company remains committed to spinning off Foxtel over the long term. News Corp owns 65 per cent of the pay television operator, with the remaining 35 per cent owned by Telstra. Foxtel has 2.4 million residential and commercial subscribers, with its residential customers had an average revenue per user of $78 as of the end of June. News Corp has indicated it sees Foxtel’s future growth coming from streaming rather than broadcasting.

CORPORATES
NEWS CORPORATION – ASX NWS, FOXTEL MANAGEMENT PTY LTD, TELSTRA CORPORATION LIMITED – ASX TLS

Atlassian co-founder cools down IPO hype

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Original article by Paul Smith
The Australian Financial Review – Page: 17 : 18-Jun-14

Australian software developer Atlassian was valued at $US3.3bn ($A3.5bn) in April 2014. Co-founder Mike Cannon-Brookes has downplayed ongoing speculation about a sharemarket float, saying an IPO may occur when the time is right. He adds that he and co-founder Scott Farquhar may choose not to pursue an IPO at all. Cannon-Brookes has defended the decision to relocate Atlassian’s headquarters to the UK, saying this would make it easier to seek a US listing than if it remained in Australia

CORPORATES
ATLASSIAN SOFTWARE SYSTEMS PTY LTD, T ROWE PRICE GROUP INCORPORATED, DRAGONEER INVESTMENT GROUP LLC, ASX LIMITED – ASX ASX