IPOs struggle to make first half mark as second half looks brighter

Australian IPOs delivered a muted performance in the first half of 2018, with more losers than winners, but positive global performance, a record year for US markets and strong local economic fundamentals, provide a real sense of optimism going into the second half.

Key Points from Deloitte's latests IPO update covering the half year yo 30 June 2018 include:

• 40 companies successfully listed, raising $1.8 billion, compared to 57 listings in the same period in 2017
• 16 (40%) experienced negative returns, with weighted average performance of -1.5%
• Financial services was the dominant sector, accounting for 89% of the capital raised - however listed investment funds represented a significant proportion of the raising
• Only 10 (25%) of the listings raised capital in excess of $75M

For more on this topic visit Deloitte's Australian website.