Conn – keeping a cautious eye on IPO hopefuls

Livewire Exclusive

Livewire Markets

Simon Conn, Portfolio Manager at Investors Mutual, shares his views on how the IPO market in 2015 has changed compared to a year ago. Conn says that as valuations in the market have crept up, as have the expectations of the vendors looking to list new businesses. “A lot of the companies in the current pipeline are really pricing themselves as if they are already listed. There’s not a discount and there’s not a margin of safety for new investors.” With relatively short track records, aggressive growth forecasts and ‘ritzy’ valuations – Conn says he is taking a cautious approach. With plenty of interest in the Australian Agribusiness sector Conn shares his views on the proposed IPO of the Murray Goulburn Unit Trust. Click the image below to watch the video


1 topic

Livewire Exclusive brings you exclusive content from a wide range of leading fund managers and investment professionals.

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.