Business
Nuix shares rebound, Rod Vawdrey apologises to investors – The Australian Financial Review
Nuix committed to reviewing its internal governance and communicating better with shareholders, with its chairman saying it was unprepared for listed life.
Nuix chairman and former US ambassador to Australia, Jeff Bleich, told the investor day the companys dramatic price rise after its listing had been a doubled-edged sword, bringing additional scrutiny and a supply and demand imbalance for its shares which produced unrealistic expectations.
He also acknowledged the business needed to do a better job of communicating with its stakeholders and said Nuix would be reviewing its governance structures.
Having to restate our forecast was a disappointment…
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