The performance of the iSelect float will be concerning for the IPO pipeline in the second half of 2013
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)
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Livewire is Australia’s #1 website for expert investment analysis. We work with leading investment professionals to deliver curated content that helps investors make confident and informed decisions. Safe investing and thanks for reading Livewire.
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Livewire is Australia’s #1 website for expert investment analysis. We work with leading investment professionals to deliver curated content that helps investors make confident and informed decisions. Safe investing and thanks for reading Livewire.
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