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1.Market Observations, 8.Was Sticky

16 May 2017 (AFR) – Retail IPOs worth $2.4b under a cloud as valuations sinkRetail IPOs worth $2.4b under a cloud as valuations sink

(16 May 2017, AFR, p13, by Sue Mitchell)

‘Initial public offerings worth $2.4 billion are at risk as shares in discretionary retailers derate amid concerns about soft consumer spending and the impact of Amazon. Fund managers say proposed initial public offerings for Wesfarmers’ Officeworks, Archer Capital’s Quick Service Restaurant Holdings and Navis Capital Partners’ Retail Apparel Group could be postponed or abandoned in favour of trade sales because investors are unlikely to value the companies as highly as vendors.’

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