abc.net.au/news/asx-markets-ipo-shares-public-float-virgin/101893004Virgin Australia's owners have been mulling a return to the Australian Securities Exchange after investors shunned share market floats last year amid geopolitical tensions and high inflation.
"Macroeconomic and geopolitical issues, coupled with rising inflation, resulted in the Reserve Bank lifting interest rates for the first time in 12 years, significantly impacting the stock market and subsequently IPOs," he said. "New listings have struggled to meet subscription targets during the year and also found it difficult to maintain and grow their share price," Mr Ohm said.
"It is interesting to see Bain Capital has recently announced it is seeking advice on relisting Virgin Australia on the ASX," he said. HLB Mann Judd corporate advisory partner Jude Lau said investors in public floats were attracted by the quality of assets and a company's management.Resources stocks dominated ASX listings in 2022.
At least two lithium firms, Evergreen Lithium and Patagonia Lithium, are set to list on the ASX this year."Market uncertainty is continuing to inhibit any significant new listings coming to market, with only 10 small cap entrants in the pipeline looking to raise an average of $8 million," he said.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: FinancialReview - 🏆 2. / 90 Read more »
Source: abcnews - 🏆 5. / 83 Read more »
Source: abcnews - 🏆 5. / 83 Read more »