Chanticleer
Brokers sense interest as Australia’s favourite meme stock returns
The list of names dumped from the ASX 200 alongside Zip shows how rare a comeback is. But while its business is firing, not everything has changed.
Ring the bell, Australia’s favourite meme stock Zip Co is back.
Not long ago online the most heavily traded name among brokers, Zip looked down and on the way out. Its access to cheap equity and debt had dried up, and it was pulling out of ambitious expansion plans to refocus on Australia, New Zealand and the United States.
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