Breakfast Deals: Nine's IPO advance

Nine Entertainment could launch an IPO before the year's end, while it’s game on for Steadfast Group.

Nine Entertainment’s owners are reportedly considering a sharemarket float before the end of the year. The drums for an IPO resurgence are growing stronger with Steadfast floating, OzForex planning to and a couple of property trusts moving as well. Meanwhile, the new federal agriculture minister has hinted that the government has favourable ears to the GrainCorp takeover, and Macquarie Generation’s sale is up and running.

Nine Entertainment, Apollo Global Management, Oaktree Capital

The owners of Nine Entertainment are reportedly looking at a $1.2 billion float on the Australian Securities Exchange before the end of the year.


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