Nine is the biggest local IPO this year


Nine is the biggest local IPO this year. The second largest was the $450 million of shares sold by online foreign exchange transaction business OzForex. That transaction exposed an undercurrent of anger in the market about the opaque mechanisms used to distribute stock in IPOs.Australia's small cap managers were upset by the handling of OzForex because they felt the stock was not given to its natural holders and that big cap managers who provide more brokerage commission were handed favourable treatment. OzForex was a stag's dream and judging from the turnover in the stock after listing, the stags had a field day... read more: (VIEW LINK)

1 topic


At OnMarket, we are all former capital markets professionals who thought there was a better way for companies to raise capital, so we provided the know-how behind the technology that powers the world's first exchange-hosted capital raising...


No areas of expertise

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.


Please sign in to comment on this wire.

trending on livewire
Get the best of Livewire by signing up to our popular daily newsletter