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Companies back off on floats

Updated

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The market for initial public offerings continues to be tough, with as many as 20 small-cap companies known to be sitting on the sidelines waiting for financial markets to improve before taking the plunge.

So far in 2012, there had been four IPOs, said HLB Mann Judd corporate finance director Geoff Webster, following the release of the firm’s Small Cap IPO watch yesterday. These are Cassini Resources , Red Gum Resources , Sunbird Energy and Blue Sky Alternative Investments .

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Bianca Hartge-Hazelman is the author of the Financy Women’s Index and founder of the Impacter app which helps businesses with diversity, equity and inclusion. Connect with Bianca on Twitter.

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    Original URL: https://www.afr.com/companies/financial-services/companies-back-off-on-floats-20120124-i40wu