The biggest float of the year failed to generate much spice in its ASX debut this week.
Despite lifting its raising to $500 million from $450 million, KKR-backed Pepper Money closed 10 per cent below its $2.89 offer price to $2.61, and even traded as low as $2.55 on Tuesday.
The soft performance would’ve been closely watched by the remaining IPO candidates trying to push their floats out before the end of the financial year.
There’s still background screening software company Inflection.com, local bookmaker BlueBet and Silk Contract Logistics to come but things are undoubtedly shaky.
Clothing retailer Best & Less pulled its float on Friday last week.
Despite all that, copper miner 29Metals′ brokers fired off pre-deal marketing research to funds on Tuesday, which valued the business at as much as $2.14 billion. Tonight, we look at how the ASX aspirant’s listing ambitions are progressing.
Australian private equity firm Crescent Capital is ready to mull exit options for its dredging, civil and marine construction company, Hall Contracting.
Fast growing e-commerce platform and brands owner Davie Group has mapped out its plans to the ASX-boards, as part of a pre-IPO funding round via stockbroker CLSA.
You have received this email because you are subscribed to Street Talk First Look with the email address: newsletter@newslettercollector.com
