Thursday, 4 February, 2016 - 16:14
Report finds IPOs in good shape
A strong end to the year in the national market for initial public offerings could be a harbinger for the year ahead, according to the annual IPO Watch Australia report.
Marcus Ohm joined HLB Mann Judd in 2003 and in 2009, became a partner in the firm’s corporate and audit services division in the Perth practice. Mr Ohm has a wealth of experience in Australia and the UK, and has particular expertise in audit, corporate services (including preparation of investigating accountant’s reports for IPOs) and company secretarial requirements. He also has substantial commercial experience gained at a public listed entity in the resources sector. Mr Ohm is a member of the HLB Mann Judd Australasian Association Audit and Accounting Standards Committee. His breadth of experience include providing reports for inclusion within prospectuses, financial reporting, advice on accounting issues and corporate governance matters. As head of the firm’s corporate & audit services division, Mr Ohm also authors the national publication IPO Watch which details Australian IPO activity each year and is regularly featured within the Australian media regarding key IPO issues and information.
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A strong end to the year in the national market for initial public offerings could be a harbinger for the year ahead, according to the annual IPO Watch Australia report.
About a quarter of ASX floats in the six months to June were undertaken by Western Australian companies, but the total amount raised is falling according to a new report.
SPECIAL REPORT: The strength of the battery metals industry is helping drive the state’s junior resources sector.
SPECIAL REPORT: A significant uptick in the number of resources stock floats in WA mirrors a national trend driven by improved investor sentiment and rising commodity prices.
Investors across Australia have backed Primewest’s ambitions to expand its offering via an ASX listing, with the company confirming it has raised its targeted $100 million.
COVID-19 has taken a wrecking ball through the IPO market, cutting raisings by 80 per cent, although those that proceeded outperformed other equities.
Newly listed businesses on the ASX returned 34 per cent in 2020, while 74 companies joined the bourse.
More than $230 million has been raised for gold projects through ASX listings in the past 12 months.
Less than half of share market floats in 2024 turned a profit, with expectations of another tough year.
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