E-commerce and tech businesses that struggled to offload themselves to public and private sectors investors in 2019 have soared in value in the space of little more than a year after COVID-19 unleashed a boom in online shopping.
The result is a rush by founders and insiders to cash in via initial public offerings or sell-downs this quarter, before Australia's newfound love for e-commerce fades.
Loading...
Tom Richardson writes and comments on markets including equities, debt, crypto, software, banking, payments, and regulation. He worked in asset management at Bank of New York Mellon and is a member of the CFA Society of the UK as a holder of the Investment Management Certificate. Connect with Tom on Twitter. Email Tom at tom.richardson@afr.com
