3 floats worth keeping an eye on

Financial Journalist
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This year’s Initial Public Offering (IPO) market has been solid rather than spectacular. Fifty-five companies collectively raised $4.4 billion through IPOs and listed on ASX in the calendar year to August 31, Switzer Super Report analysis shows.

At this rate, the 2015 IPO market will be well down on last year, and thankfully so. Last year’s IPO market broke records as $18.6 billion was raised through 81 listings. A rising share market, the blockbuster Medibank Private offer, and strong IPO sentiment drove capital raisings.

This year’s IPO market was expected to slow. No multi-billion-dollar household-name IPOs were slated, float fatigue started to creep in, and the share market correction in August and September made vendors nervous about rushing to market.

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