Business
Regal Funds’ Phil King says he was right to pull the East33 IPO – The Australian Financial Review
Regal Funds Management’s Phil King, explains why it was right to pull the planned ASX listing of oyster producer East33 this week.
More than 90 new companies have joined the ASX this year the same as last year, though almost all of this year’s listings were crammed into the second half. Put another way, there’s been just over $4 billion in new equity raised in the past three months.
This week, the sharemarket looked to have upped the ante on punishing those new companies coming to market with anything less than a glowing outlook.
Ready-made meal maker Youfoodz was a victim of IPO fatigue. Supplied
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