Business
Nuix committed cardinal sin of IPOs, says fund manager – The Australian Financial Review
Whatever you do you cannot miss your prospectus forecast in the first year of listing, says Ron Shamgar, as two class action firms look at possible lawsuits.
Fallen tech star Nuix committed a cardinal sin in the eyes of investors when it missed prospectus forecasts within months of listing on the ASX, a senior fund manager says.
We call it kind of like the cardinal sin of IPOs, which is that whatever you do you cannot miss your prospectus forecast in the first year of listing, Ron Shamgar, the head of Australian equities at TAMIM Asset Management, said.
Because when you do, its a sin that the market doesnt forgive, theres a loss of trust, and it takes…
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