Business
Nuix, the biggest IPO of 2020 crashes to all-time low – The Australian
Shares in the biggest IPO of 2020 – global software company Nuix – plunged more than 17 per cent to all-time lows on Wednesday after the company trimmed its revenue…
Shares in the biggest IPO of 2020 global software company Nuix plunged more than 17 per cent to all-time lows on Wednesday after the company trimmed its revenue guidance. The Macquarie-backed company cut the full-year forecasts laid out in its IPO prospectus, just over a month after it restated them following its half year results.
The move highlighted how finely-balanced the pricing of high flying technology companies has become, with investors pushing up valuations while global markets are awash…
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