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Floats 2013: The ones that got away

Tony FeatherstoneFinance writer
Updated

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A trickle of floats became a torrent in 2013. Sellers seized on a rising sharemarket and rushed for the exits, fund managers absorbed billions of dollars of new stock, and investors enjoyed fast gains in some listings.

Though not a record by capital raised, the 2013 initial public offerings market was arguably the most dynamic in a decade. It had a diverse range of small and mid-size industrial companies that sought a full or partial exit for vendors, extra capital and the highest valuation.

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

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    Original URL: https://www.afr.com/markets/equity-markets/floats-2013-the-ones-that-got-away-20131227-iyd79