Brisbane fast-charging company Tritium may be forced to close its Australian factory and move its headquarters overseas after a dramatic fall from a “double unicorn” $2 billion listing on the Nasdaq two years ago to being issued a show-cause notice last week about its underperformance on the American bourse.
While Australian politicians have fallen over themselves to name-drop the technology company – including Prime Minister Anthony Albanese in Washington this week – the hard realities of trying to compete in global capital markets have been driven home in the past 12 months.