IPOs Boom at the Fastest Pace Since 2007 in Australia
- Firms in a range of sectors going for IPOs as Covid-19 recedes
- IPOs kicking off in recent weeks include pub chain, hospitals
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From hospitals to pubs, Australian companies are rushing into public markets to raise funds via first-time share sales at the fastest pace in 14 years.
Australian companies have priced nearly $2.3 billion of initial public offerings so far in 2021, the most year-to-date since the $3.6 billion raised in 2007, according to data compiled by Bloomberg. More than half of this year’s haul came from four IPOs, which fixed the prices of their respective offerings in the past two weeks.