Business
IPOs down 84 per cent amid pandemic – The Australian Financial Review
Confidence in new listings was shattered by the coronavirus outbreak, although there are signs of recovery.
“Market uncertainty and share price volatility do not generally provide a listing-friendly environment given the significant costs involved in undertaking an IPO,” he said.
The relatively small number of IPOs so far in 2020 looks infinitesimal when compared to 2018, the first half of which saw $2.5 billion raised across 40 new listings.
However, those investors that braved an IPO in the first half of 2020 were rewarded. Newly listed companies had achieved an average gain of 16 per cent by June…
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