This year’s float candidates Virgin Australia, Chemist Warehouse and 7-Eleven will be forced to wait for a turnaround in Australia’s capital market fortunes as bankers and the ASX bet on a second-half rush to rescue a dismal outlook for initial public offerings.
That would represent a spectacular comeback from 2022, the worst year for IPOs in a decade.
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
