Struggling to stay afloat
After a promising start, the performance of floats in the March quarter has waned in line with broader sharemarket weakness.
After a promising start, the performance of floats in the March quarter has waned in line with broader sharemarket weakness, The Australian Financial Review Quarterly IPO Survey shows.
The 29 companies that listed this year have experienced a median share price loss of about 1 per cent against their issue price. The largest gains have been from listings in January, an unusually strong month this year for floats.
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