Wednesday, 3 October, 2012 - 00:42
Sluggish IPO sector reflects tough market
There may be plenty of cash about, but the IPO market is struggling as investor confidence remains low.
Tony Cunningham established stockbroking firm CPS Capital Group in 2001. He held the position of managing director since its inception until 30 June 2019, and has been an associate director and shareholder of the company. Mr Cunningham resigned from CPS Capital Group in February 2023.
Mr Cunningham established and founded a number of software solutions for the stockbroking industry via the company Complii Fintech Solutions and stocksinplay.com. He was a director of various ASX-listed companies including Lindian Resources, Thin Technologies and Mbox; a director of Report Card; and owner of HotCopper.com.au, Australia's largest online stock chat community.
Mr Cunningham holds a Bachelor of Commerce, a Graduate Diploma in Applied Geology, and a Diploma in Applied Finance and Investment SIA.
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There may be plenty of cash about, but the IPO market is struggling as investor confidence remains low.
WESTERN Australian stockbrokers CPS Securities and Indian Ocean Capital have agreed to merge to create the ninth biggest stockbroking operation in the state.
Investor chat forum HotCopper is aiming to list on the ASX in September after lodging a prospectus that reveals a big sell-down by existing shareholders and an expected loss in the current financial year, and makes no mention of outgoing managing director Greg D’Arcy.
Shares in HotCopper Holdings got off to a bright start today after the investor chat forum listed on the ASX, with the stock closing up at 26.5 cents.
Stockbroker and investment banker Tony Cunningham is departing CPS Capital, the firm he started more than 21 years ago, to join another boutique firm, Barclay Wells.
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Tony Cunningham is linked to 4 organisations which are included in 1 list - Sporting and Recreational Associations.
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