Yesterday
AirTrunk calls in boardroom heavyweight amid IPO prep
Data centre tearaway AirTrunk has drafted in Fortescue deputy chairman Mark Barnaba to chair its board, just as it begins preparations for what could be a $10 billion IPO.
- Sarah Thompson, Kanika Sood and Emma Rapaport
The favourite lunch spots of Sydney’s top bankers
End-of-deal lunches are thinner on the ground these days, but still, bankers have to eat. Here are their top lunch spots in Sydney.
- Aaron Weinman and Jemima Whyte
This Month
- Opinion
- Chanticleer
Two things holding back Australia’s IPO market
It’s another year of what could have been for new listings on the ASX. The only way to end the drought is to cut prices.
- Anthony Macdonald
- Exclusive
- Regulation
Short-staffed ASIC has gone ‘MIA on M&A’
The corporate watchdog is accused of under-resourcing scrutiny of mergers and acquisitions, company fundraisings and sharemarket listings.
- Ronald Mizen
Guzman Y Gomez in IPO prep; market baulks at valuation
The business is worth less than half of what Barrenjoey Capital Partners paid for it just 1½ years ago, sources said.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Credit Suisse’s head of research pops up at Canaccord Genuity
The mid-cap specialist broker is bulking up its equity research team with two new hires.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Hello Alpine Capital: Wentworth Securities tips deal flow after tieup
Alpine is expected to start marketing a new initial public offering next month.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Virgin Australia’s key IPO exec resigns
Virgin Australia’s chief development officer David Marr, tasked with leading the airline’s IPO plans, has stepped down from the role.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Happy days for Alceon PE’s backers as Nido lists
Ex-Think Childcare boss Mat Edwards’ latest IPO, Nido, has sent cheers through Sydney firm Alceon Private Equity’s investors.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Digital Classifieds Group set to buy Dubizzle’s Asian assets
Street Talk understands the Melbourne online classifieds marketplace is beefing up its Asian footprint ahead of a potential ASX initial public offering.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Exclusive
- Funding
Canva won’t list before 2025, but investors will still get rich soon
The graphic design software company is such a success that guessing when its IPO will be held has become a parlour game for the Australian technology sector.
- Nick Bonyhady
Cuscal mandates Bell Potter and Ord Minnett for IPO bookbuild
Bells and Ords would be tasked with selling a slice of the IPO to their retail and high-net-worth networks, after Bank of America has mopped up bulk of the raise.
- Sarah Thompson, Kanika Sood and Emma Rapaport
AI healthcare company eyes $160m from cleaning up radiologists’ data
ASX hopeful Enlitic says it is signing up new healthcare clients to its artificial intelligence technology every month, and has a pipeline of more potential customers.
- Tess Bennett
BofA kicks off $531m Cuscal IPO bookbuild; pricing out
The end-to-end payments outfit is expected to list on the Australia Securities Exchange by late November.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Ex-Macquarie suit raising $30m to hunt for the next Xpansiv
Wunala’s current portfolio includes two unicorns in Xpansiv and Crimson Education.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Birkenstock opens 11pc below IPO price in $2.3b trading debut flop
The German sandal maker’s float under the stock ticker BIRK is the worst opening for a listing of $US1 billion or more in New York in more than two years.
- Ryan Gould
Arm’s shares get helping hand as IPO banks weigh in
The flurry of recommendations marked the end of the quiet period for the almost 30 banks that underwrote Arm’s float, which raised $US4.87 billion for SoftBank.
- Aditya Soni and Roshan Abraham
ASX-aspirant Cuscal valued at as much as $736m: BofA
Cuscal is owned by MasterCard, Bendigo and Adelaide Bank and most of the big credit unions and is targeting an initial public offering before Christmas.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Tasmea pre-IPO materials hit inboxes; three brokers appointed
Bell Potter issued an indicative enterprise value in the range of $409.1 million to $434.4 million.
- Sarah Thompson, Kanika Sood and Emma Rapaport
What Infratil’s CDC Data Centres valuation hike means for AirTrunk
Applying a 30-times multiple implies an enterprise value of $18 billion.
- Sarah Thompson, Kanika Sood and Emma Rapaport
