The New Zealand Exchange gets an IPO kick from Mighty River Power, while the ADM-Graincorp timetable is largely up to China.

Mighty River Power has underlined how quiet the Australian IPO market is, with Genworth Australia looking on and a private equity firm hopefully preparing to break the deadlock. GrainCorp has batted away a number of concerns about its Archer Daniels Midland offer without much trouble, although those regulatory whispers will continue. Elsewhere, Discovery Metals appears to have indicated that its capital raising is taking a back seat, while Macquarie has found some support amongst Gunns' managed investment scheme investors.

IPO waiting game, Mighty River Power, Genworth Financial



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