Opinion
Nuix debacle puts fundies back on high alert
Fund managers have updated their IPO playbooks to protect themselves against dud floats. Here’s what is in their financial analysis armoury.
Jonathan ShapiroSenior reporterUpdated
If Nuix isn’t already considered Australia’s most disastrous sharemarket float, then the latest controversy must surely tip the scales in its favour.
There have been a string of initial public offering horror shows since the listing in 2009 of Myer by private equity giant TPG (which announced on Thursday it is planning a float itself).
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Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
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