Vendors sitting on chunky stakes from last year’s IPO boom will be holding on to their stakes for longer than expected, with the floats class of 2021 struggling to win investor backing.
Ventia Services is the best performing of the 10 largest IPOs of 2021. But its vendors, CIMIC and Apollo Global Management, have to wait until its December 31 results before they can sell any stock. Dallas Kilponen/dak
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
