Eight reasons this super giant likes private markets
As ASIC tinkers with IPO structures to bolster public markets, the $330 billion Australian Retirement Trust has given us the best explanation yet of why it’ll keep investing in private markets.
The corporate watchdog’s public and private markets review is already making waves. Mid-review, the regulator’s tinkering with initial public offering rules to make it easier for privately owned businesses to transition to the ASX shows it is serious about bolstering public markets.
That’s understandable. Strong public markets have been great for Australia. Public markets are where the Commonwealth Bank of Australia got its $300 billion valuation, where governments and banks raise capital, where our biggest corporate taxpayers live and where the bulk of the country’s $4.2 trillion is invested.
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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
