ASIC looks at iSelect reporting

iSelect confirms that it is cooperating with the corporate regulator after it missed prospectus forecasts.

Recently listed iSelect, a web site which allows customers to comparison shop for private health insurance, has confirmed that the corporate regulator is looking into its reporting after the company missed prospectus forecasts in a blow to other initial public offering hopefuls, The Australian reports, .

iSelect said it would “continue to fully cooperate” with the Australian Securities and Investments Commission regarding a request received on September 6.

By early afternoon, iSelect shares were down 3.2 per cent at $1.36 in a positive broader market. The online insurance comparison website listed at $1.85 in June, led by brokers Credit Suisse and Baillieu Holst.

For more, read the article here.

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