TITLE

Equity market doldrums

AUTHOR(S)
Dent, Georgina
PUB. DATE
July 2008
SOURCE
BRW;7/3/2008, Vol. 30 Issue 26, p14
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses data concerning the performance of the Australian equity market. It indicates that 21 initial public offerings (IPO) raised just $334 million in the first half of 2008 compared with 33 IPOs that raised $4.5 billion in the first half of 2007. It adds that more than 75% of the newly issued shares are now trading at a discount, while all small floats, raising less than $100 million, have lost a quarter of their original value.
ACCESSION #
33558597

 

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