The IPO market both locally and overseas remains extremely buoyant as evidenced by the $US1.82 billion float of social media giant Twitter in the US
The IPO market both locally and overseas remains extremely buoyant as evidenced by the $US1.82 billion float of social media giant Twitter in the US. Twitter's market launch was met with very strong demand and marked the largest technology IPO since Facebook's listing last year. We anticipate a rush of IPOs over the coming weeks as investment bankers capitalise on the current strong demand. The investment team will be meeting with the management and advisers of numerous companies readying to list. Like Twitter in the US, the upcoming float on the ASX of contracting website Freelancer Limited (FLN) will test the Australian market's appetite for the pure online business model. Both WAM Capital (WAM) and WAM Active (WAA) have been allocated shares in the oversubscribed FLN listing. Chris Stott (CIO) recently discussed the tech sector and if things are getting too hot. See video here:
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Wilson Asset Management has a track record of making a difference for shareholders and the community for more than 20 years. As the investment manager for eight leading LICs – WAM Capital (ASX: WAM), WAM Leaders (ASX: WLE), WAM Global (ASX: WGB),...
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