Today
Australia’s IPO drought is the worst since the GFC
Fund managers are frustrated about the lack of quality listings on the ASX, and who can blame them? Anyone who got Guzman y Gomez for $22 is sitting on a tidy profit.
- Alex Gluyas and Joshua Peach
This Month
$100m-plus-a-year Symal seeks ASX listing; hires two banks
Symal is eyeing $1 billion in revenues and $100 million in earnings as it mandates advisers for a sharemarket float.
- Sarah Thompson, Kanika Sood and Emma Rapaport
September
Activist investor asks Redbubble to hang for-sale sign; seeks board seats
Osmium Partners is set to kick off an audacious public letter writing campaign where it will ask shareholders to support four new board members.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Guzman y Gomez IPO backers sell stake as stock joins ASX 200
The hottest IPO darling in recent memory has rallied hard since listing in June, but a few early investors have taken some money off the table.
- Joshua Peach
The five most powerful Australian tech leaders in 2024
The biggest deal of the year, the end of an era at Atlassian and the rising influence of super funds helped to shape the list of technology’s most powerful in 2024.
- Updated
- Paul Smith
ASX hopeful Evolt 360 reveals plans to cash in on Ozempic boom
The founders of body scanning company are hoping to list on the stock market before Christmas, backed by investors including Regal, Soul Patts and Perennial.
- Tess Bennett
- Opinion
- Chanticleer
Year’s biggest IPO would happily sneak on to the ASX, if it could
The market is at a record high but it is not the time to be screaming IPO plans from the top of Martin Place.
- Anthony Macdonald
- Opinion
- Chanticleer
Di Pilla prepares to break IPO drought with mystery fourth float
The rise of private capital is one of the big forces in markets globally. That doesn’t mean listed markets have to be left behind, says the HMC Capital boss.
- Anthony Macdonald
Former La Trobe boss eyes next fortune – as US oil and gas baron
Two years after leaving the company his father founded, Greg O’Neill has emerged as a big shareholder in group that has secured leases out from under Chevron.
- Joshua Peach
Cuscal considers IPO plans after recording a surge in earnings
The payments processor owned by mutual banks and credit unions is lining up meetings with prospective investors as it attempts to hit the ASX before Christmas.
- James Eyers
Canva triples prices citing the need to pay for new AI design tools
The increase in the cost of its popular software ahead of an IPO may lead some smaller customers to abandon the company for cheaper rivals, analysts warn.
- Paul Smith
August
Imaging software biz Enlitic raising to fund M&A after shares drop 89pc
Enlitic was floated at 83¢ per CDI in December, and was down to 9¢ at Wednesday’s close – a staggering 89.2 per cent drop.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Cuscal IPO rebooted; ASX listing targeted before year-end
Street Talk understands Bank of America is on hand to manage the deal.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Body scanning biz Evolt kicks off pre-IPO raise; Bell Potter in tow
With fresh funds in its coffers, Street Talk understands IPO preparations are now underway via Bell Potter.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Exclusive
- Construction
The ASX’s next big float is a South African construction giant
Aveng will spin out its Australia and New Zealand business McConnell Dowell and examine listing on the ASX next year.
- Patrick Durkin
- Exclusive
- Start-ups
Investors back ‘unicorn’ Go1 CEO swap, as IPO plans emerge
The founding CEO of $3b Queensland tech firm Go1 will step down in a move backed by its early investors, with his co-founder taking sole charge of the run to an IPO.
- Tess Bennett
Guzman y Gomez in ‘striking distance’ of joining ASX 200
The Mexican fast-food chain has a good shot at joining the major benchmark next month, potentially attracting millions in new investment.
- Sarah Jones
July
90 per cent off: Ackman forced to slash target for IPO
The offering is expected to bring in $US2 billion, less than one-tenth the target the billionaire hedge-fund manager suggested earlier this month.
- Bailey Lipschultz
Ackman’s Pershing postpones US fund IPO
Billionaire Bill Ackman’s US closed-end fund is facing a delay to its highly-anticipated initial public offering as it awaits regulatory approval.
- Yiqin Shen and Bailey Lipschultz
- Opinion
- Chanticleer
What brokers, fund managers do when ‘mkt dead quiet’
This week is unlisted companies week. Macquarie, UBS and Citi are all parading unlisted companies or investment themes – ostensibly, in the name of research.
- Anthony Macdonald