The performance of the iSelect float will be concerning for the IPO pipeline in the second half of 2013. After multiple delays on the listing timeline the stock has slumped 15% on the first day of trade. Detractors of the stock have indicated the low barriers to entry for competitors pose a risk to the longer term prospects for the business. CEO Matt McCann sees opportunity to enter new markets such as superannuation and also believes the strength of the sectors underlying their existing product range will support the growth of the business (VIEW LINK)
I have 13 years experience in equity markets and financial media. In 2013 I Co Founded, Livewire Markets with Tom McKay. Our vision is to be the #1 source of investment ideas in Australia. Opinions expressed are my own.