The performance of two IPO's this week have sent a clear message about investor appetite - we will support quality

The performance of two IPO's this week have sent a clear message about investor appetite - we will support quality. Today Japara Healthcare is trading at a 25% premium to the issue price of the IPO. Japara is the combination of an unlisted property trust, and an company that manages aged care facilities operating within the properties. Fund Managers are backing a play that gives exposure to Australia's aging population and the increasing need for aged care facilities. The Japara success comes on the back of the highly successful float of Beacon Lighting highlighting the fact that investor appetite remains for quality businesses with exposure to some of the strong cyclical themes running through the Australian market. For more coverage on the Japara float there is a short write up on the following link: (VIEW LINK)