With CBA shares at $155, the IPO ice age is finally thawing
Initial public offerings are returning to the ASX in a trend fund managers predict will accelerate in 2025, bolstered by the euphoria on Wall Street from Donald Trump’s election and the prospect of interest rate cuts in Australia.
HMC Capital, led by dealmaker David Di Pilla, plans to launch a $4 billion data centre investment trust, DigiCo Infrastructure REIT, on the ASX next month. The proposed $1.65 billion raising is the largest for a new Australian company since service station owner Viva Energy’s $2.65 billion listing in 2018.
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