DataRoom AM: Dick Smith gift?

Dick Smith looks set for a pre-Christmas float while Nine goes on a spending spree before its IPO.

The owners of Dick Smith appear happy to try their luck on the market pre-Christmas as the IPO market starts to ignite. Expect the float to leave a bitter taste in the mouth of Woolworths’ shareholders. Nine Entertainment, meanwhile, is spending up big ahead of its IPO, hoping to show off its digital potential to investors before a December listing. Elsewhere, the manager of the Commonwealth Property Office Fund rebuffs Dexus, a KPMG review finds Bega’s Warrnambool Cheese and Butter bid undervalues the group and queries are raised about the valuation of the Cross City Tunnel.

Dick Smith Electronics, Anchorage Capital, OzForex, IPO market

It appears the IPO market is too hot for Anchorage Capital Partners to risk pushing back a float of Dick Smith Electronics until next year.



{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access


Updating information

Please wait ...


{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership


The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles