Inside the $4b Greencross bellyflop – and what it means for deals
Someone has cooked the golden goose, and fingers are pointing at underwriters, investors, private equity and advisers, after last week’s spectacular blow up.
Australia has some of the best equity markets in the world for accessing capital quickly and cheaply, right?
Investment bankers crow about it, the exchange operator uses it to try to lure domestic and offshore companies to the ASX, institutional investors have milked discounted raisings to juice their returns for years, and so have Wall Street’s banks.
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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
