Jeremy Bendeich of Avoca Investment Management says that their investment committee is skeptical of the wave of IPO's hitting the market

Livewire Exclusive

Livewire Markets

Jeremy Bendeich of Avoca Investment Management says that their investment committee is skeptical of the wave of IPO's hitting the market. They typically list during euphoric market conditions when there's less diligence and discipline applied to analysing companies. Some of these IPO's are businesses that don't even exist and are only existing upon the flotation of the company. Assets are being wrapped up and packaged conditional upon getting the IPO away. Many of these are opportunistic and not something we're attracted to. Despite this skepticism, Avoca have been participating at the quality end of the IPO spectrum and he points out two companies that have recently passed their filters. Watch the Livewire exclusive:

&feature=youtu.be

Livewire Exclusive
Livewire Markets

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.

Comments

Sign In or Join Free to comment