find the latest legal job
Corporate and Commercial Partner
Category: Corporate and Commercial Law | Location: Adelaide SA 5000
· Full time · Join a leading Adelaide commercial law firm
View details
In-house Legal Counsel & Commercial Lawyers
Category: Corporate and Commercial Law | Location: All Sydney NSW
· Providing lawyers with flexibility and control over when they work, how they work and who they work for.
View details
In-house Legal Counsel & Commercial Lawyers
Category: Corporate and Commercial Law | Location: All Melbourne VIC
· Providing lawyers with flexibility and control over when they work, how they work and who they work for.
View details
Legal Inhouse / Lawyer / Company Secretary
Category: Other | Location: Brisbane QLD 4000
· Fantastic Company · Potential to be Part Time / Flexible Work Pattern
View details
Infrastructure Lawyer/SA
Category: Construction Law | Location: Sydney CBD, Inner West & Eastern Suburbs Sydney NSW
· Global elite law firm · Dedicated Infrastructure team
View details
IPOs hit four-year high in 2015

IPOs hit four-year high in 2015

high

ASX listings were up 33 per cent in 2015 compared with the previous year, according to a new study.

Deloitte’s 2016 IPO report tallied 97 listings in 2015, the highest figure in four years.

The average market capitalisation of IPOs dropped 32 per cent to $181 million in 2015, down from $354 million the previous year.

However, the overall number of listings with market capitalisation over $75 million has increased dramatically from four in 2012 to 53 in 2015, according to the study.

Over that same period, the number of IPOs have increased, moving from 51 in 2012 to 97 in 2015.

“The numbers certainly tell the story,” said Deloitte head of transaction services Ian Turner.

Despite volatility in China and falling commodity prices, IPOs have “remained stock market darlings” in 2015, he said.

“From the list of the top-performing IPOs for the year, the majority are small and mid-cap growth stocks, largely in the technology and related sectors, which raised less than $50 million of capital,” he continued.

Tapan Verma, Deloitte director of IPO transaction services, said the overall results were far more positive than market sentiment reflects.

“Had you invested in every private equity-backed float from the start of 2013, and including some of the poorer performers, you would today be sitting on a portfolio return of 48 per cent. The results really speak for themselves.”

The outlook over the next two years is positive, with technology, financial services and consumer businesses expected to continue to drive IPO markets, according to Mr Verma.

“The window for listings certainly remains open, although market volatility is expected to impact IPO valuations in the short term and result in more trade sale and dual-track M&A processes for some IPO candidates.”

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

IPOs hit four-year high in 2015
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Nov 24 2017
Demand lifts in 2017/18 for short-term finance to cover crises
Promoted by NWC Finance. The first five months of the 2017-18 financial year have seen unpreceden...
LCA welcomes religious freedom panel
Nov 24 2017
LCA welcomes religious freedom panel
The Law Council of Australia says the establishment of a panel which will examine the human right to...
Law Society launched a new website, legal politics and lawmaking
Nov 24 2017
Law Society launches project to engage young Aussies
The Law Society of NSW has launched a new website to engage young Australians in legal politics and ...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...