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Nuix turmoil throws spotlight on Macquarie

Nuix turmoil throws spotlight on Macquarie

Fresh details have emerged of the bank’s role in the tech company’s IPO, amid a witch-hunt to find the source of internal leaks.

Nuix was the hottest IPO of 2020. Today the share price is down 70 per cent from January and the company is conducting a hunt for leakers.  

Neil Chenoweth, Adele Ferguson and Kate McClymont
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May is the golden month for Macquarie Group, when it celebrates its yearly results and quietly rewards its brightest stars with seven- and eight-figure bonuses amid general acclaim. This year, not so much.

Instead of a victory lap, Macquarie is facing uncomfortable questions about the windfall profits it made when it listed glamour tech company Nuix last December.

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Neil Chenoweth
Neil ChenowethSenior writerNeil Chenoweth is an investigative reporter for The Australian Financial Review. He is based in Sydney and has won multiple Walkley Awards. Connect with Neil on Twitter. Email Neil at nchenoweth@afr.com.au
Adele Ferguson
Adele FergusonInvestigative journalist and columnistAdele Ferguson is a Gold Walkley Award winning investigative journalist. She reports and comments on companies, markets and the economy. Connect with Adele on Twitter. Email Adele at adele.ferguson@theage.com.au
Kate McClymontSenior ReporterKate McClymont is chief investigative reporter at The Sydney Morning Herald. Connect with Kate on Twitter. Email Kate at kmcclymont@smh.com.au

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Original URL: https://www.afr.com/companies/financial-services/nuix-turmoil-throws-spotlight-on-macquarie-20210520-p57tkj