As reporting season comes to a climax this week, the IPO pipeline is starting to bulge. The window for new listings is wide open and vendors and their bankers are rushing to get new floats in front of investors before sentiment changes.
The latest is the country's biggest law firm by partner, HWL Ebsworth, which is sure to reignite debate about whether law firms work better as partnerships or public companies.
Meanwhile, in the world of M&A, the major investment banks are going head-to-head in arguably the year's biggest pitching contest: Toll Holdings. Owner Japan Post has requests for proposals flying around the market like confetti.
Australia's biggest law firm by number of partners, HWL Ebsworth, is readying for a sharemarket float that could value it at more than $1 billion and make its equity partners millions.
Japan Post is seeking a cavalry of advisers to help end its disastrous $8.02 billion investment in Australian transport and logistics company Toll Holdings.
It's better late than never for Telstra and its $2 billion asset sales target, with the company kicking off the sale of its 16-storey Pitt Street telephone exchange.
Listed chartered accounting firm Kelly+Partners is ramping up its investment management ambitions with a new closed end fund targeting listed and unlisted equity, debt, hybrid and property investments.
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