find the latest legal job
Senior Associate - Litigation & Dispute Resolution
Category: Litigation and Dispute Resolution | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Come work for a firm ranked in Lawyers Weekly Top 25 Attraction Firms
View details
Associate - Workplace Relations & Safety
Category: Industrial Relations and Employment Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Employer of choice · Strong team culture
View details
Freelance Lawyers
Category: Banking and Finance Law | Location: All Perth WA
· Freelance opportunities through Vario from Pinsent Masons
View details
Freelance Lawyers
Category: Other | Location: All Adelaide SA
· • Qualified lawyer with a strong academic background
View details
Freelance Lawyers
Category: Other | Location: All Melbourne VIC
· • Qualified lawyer with a strong academic background
View details
Foreign listings drive Aus IPO market

Foreign listings drive Aus IPO market

Australia

Lawyers in the banking and finance practice are likely to work with more international clients as foreign listings continue to lift the Australian IPO market, according to Deloitte.

Deloitte’s Corporate Finance analysis of Australian IPO activity in Q1 2016 has revealed that foreign listings have kept the Australian IPO market afloat during share market turmoil.

Following on from an increase in foreign listings in 2015, nearly 50 per cent of listings in the first quarter of 2016 involved companies based outside the country or whose primary operations are overseas according to the report.

“The ASX, which offers candidates the option to list under the Assets Test and carries less onerous free-float requirements than some of its Asian counterparts, is being increasingly favoured by foreign companies,” Tapan Verma, director of IPO transaction services at Deloitte said.

Mr Verma said that this is particularly the case for companies in the Asia-Pacific region and that recent events on the Chinese markets make listing on the ASX an even more attractive proposition.

“This however brings with it increased regulatory requirements. We are seeing a continuation of ASIC’s proactive approach to scrutinising public listings with a focus on businesses in emerging markets,” he said.

“This is an area that has been on the corporate watchdog’s radar over the last couple of years with a number of hopefuls that lacked quality or posed increasing regulatory concerns having been pushed back.”

The quarter saw a total of 13 listings with combined market capitalisation of $796 million, up from 12 listing in Q1 2015 with combined market cap of $754 million.

“While market volatility was a hallmark of 2015, our recent 2016 IPO Report showed that, particularly in the technology and financial services sectors, new listings remained very much in favour,” Ian Turner, Deloitte corporate finance partner and head of transaction services said.

“Volatility remains the name of the game in 2016, and first quarter IPO activity remains solid. Investors appear unperturbed, and performance, while more subdued, is still well above market.”

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

Foreign listings drive Aus IPO market
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
protest
06:05
High Court overturns ‘excessive’ anti-protest legislation
Bob Brown’s recent victory in the High Court over the Tasmanian government was a win for fundament...
Blocked
06:04
Changes to Australian citizenship laws blocked
Attempts to beef up the requirements to obtain Australian citizenship were thwarted this week, after...
Warning
06:03
Lawyers warn against mandatory sentencing measures amid political jeers
Mandatory sentencing has become a topic for politicians on both sides of Federal Parliament to jostl...
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 & ...