Choppy trading puts a damper on IPO marketing
Companies looking to make initial public offerings are finding current market conditions challenging.
The 11.8 per cent fall in the benchmark ASX 200 Index over the last month has created severe headaches for bankers looking to market large new floats such as B rookfield Multiplex Group , Grocon and Bilfinger Berger Australia (BBA).
The Brookfield Multiplex initial public offering process is said to have slowed so much that it appears unlikely the $4 billion float will see the light of day any time soon.
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