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1.IPO results, 1.Market Observations, 8.Was Sticky

16 May 2017 (AFR) – Guvera debacle is a wake-up call for Australian start-ups

(16 May 2017, AFR, p22, by John McDuling)

‘One of the sorriest episodes in the recent wave of start-up mania in Australia is drawing to its conclusion. And there is much to be learned from it. Late on Friday, in a classic case of taking out the trash when you think nobody’s looking, Gold Cost streaming music company Guvera said it had finally ceased all operations. This came nearly a year after the ASX rejected its controversial attempt to raise $100 million on through a float on the ASX, in a deal that would have valued it at $1.3 billion.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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