Float review: no survivors

Successful sharemarket floats were few and far between in the wreckage that was 2011. So what does that mean for 2012?

Tony FeatherstoneFinance writer

Updated Dec 30, 2011 – 8.32am, first published at Dec 28, 2011 – 12.48am

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The runaway euro crisis has turned the Australian float market into roadkill. Capital raised through initial public offerings (IPOs) in 2011 was the lowest in more than a decade, share price losses were horrendous and dozens of companies abandoned their float or slashed their capital raising.

If the trend continues, several potential billion-dollar IPOs in 2012 will be at risk.

Tony Featherstone writes on Personal Finance specialising in Superannuation & SMSFs, Specialist Investments.