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

29 Jan 2018 (AFR) – Fund managers wary on IPOs despite bumper 2018 outlook

[COMMENT: This article is giving us a heads up regarding the IPO pipeline in the year ahead. This indicates something about the health of the economy. However, some people prefer not to participate in IPOs – read more about the reasons why in my Share Market Toolbox.]

(29 January 2018, AFR, p18, by Joyce Moullakis)

‘Conditions may be ripe for a strong year of initial public offerings in 2018 but lofty valuations will see fund managers continue to tread cautiously around new issuance. Low levels of volatility, synchronised global growth and the S&P/ASX 200 remaining above the 6000 level suggest a strong 2018 for equity capital markets activity, according to Deloitte Corporate Finance. Bankers and lawyers are also upbeat on a pipeline of more than $9.5 billion in floats slated to hit the local bourse this year.’ <snipped…>

‘… said Ian Turner, national leader of Deloitte’s corporate finance unit. “Our pipeline is jammed at the moment and we see that as an indication of where the [IPO] market is going.” While they expect a busy year for new equity issuance, fund managers canvassed by The Australian Financial Review are mindful that some vendors may have unrealistic price expectations in the current environment.’

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

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About robertbrain

Brainy's Share Market Toolbox. Read the honest truth about the sharemarket. Develop or fine tune your investing/trading strategies using share price charts (technical analysis), or learn about the investment strategies of others. Melbourne (Australia) based - supporting share market investors and traders to build wealth through smarter investing using my Share Market Toolbox arsenal of weapons to tackle the market.

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