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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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
