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Company floats on the ASX are fuelling billions of dollars of wealth — but what exactly is an IPO? – ABC News

Why are so many companies listing on the ASX, who is benefiting and what exactly is involved in an initial public offering anyway?…

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More than $8 billion has changed hands, or more accurately bank accounts, on the Australian Securities Exchange (ASX) each trading day this year.
An unusually large number of private companies have gone public, challenging long-held records for the number…

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