Good evening,

Here’s an early entry for the 2025 floats pipeline: steel grinding media business Molycop, which was chasing a $1 billion IPO last year before its PE owners pulled the plug.

Street Talk understands Molycop’s Omaha-based chief executive officer Jim Anderson met with a handful of fund managers in late September while on a trip to Australia, reacquainting them with the idea of an ASX listing.

Sources said while the meetings were far from a non-deal roadshow, Anderson made it clear he was pursuing a float and not a trade sale. Molycop hasn’t committed to a timeline but is hopeful of securing its ASX arrival in the second half of 2025, they added.

Read the full story tomorrow and more on the Street Talk page.

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Street Talk understands Symal’s IPO brokers, Jarden and Ord Minnett, have begun mailing out meeting invites for the 23-year-old Victorian construction contractor. The ECM bankers and Symal’s management are slated to make their case to fund managers in Sydney and Melbourne next week.

A rally in the major banks has helped the Australian sharemarket reset its record closing high on Tuesday.

Click here for the latest equity market wrap.