First test serious test looms for the IPO pipeline in 2015
First test serious test looms for the IPO pipeline in 2015 . ASX hopeful FleetPartners will commence its initial public offering roadshow next week ahead of an equity raising of as much as $300 million. Sources said FleetPartners owners Ironbridge and Singapore's GIC would lock in the IPO timetable as early as Monday, but brokers Citi, Credit Suisse and UBS were preparing to hand out pre-marketing research to Australian and Asian investors next week. While the IPO structure is still being worked out, the deal would value FleetPartners' equity at about $600 million. FleetPartners' launch will be the IPO market's first serious test for 2015. There were signs the IPO window was closing late last year. However, the market is now near seven-year highs and fund managers seem receptive to new companies once again. Full article in the AFR: (VIEW LINK)
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