The IPO excitement was palpable in late 2013

The IPO excitement was palpable in late 2013. Private owners of businesses obliged, raising $11.8 billion in December alone, the most initial capital raised in any month in the history of the Australian Stock Exchange and almost half the aggregate initial capital raised in 2013. We think there are numerous reasons why extra care should be taken when evaluating any new float. We discuss how we assess the asymmetric information associated with buying into Initial Public Offerings in our February Newsletter, available at: (VIEW LINK)