DataRoom AM: Genworth ambition

Investors may be wary of Genworth Australia’s IPO plans following news of a US lawsuit, while Spotless Group’s bookbuild is slated for the next fortnight.

The IPO market could finally be ready to break the shackles as floats of two $2 billion-plus companies gather steam. Now the race is on between Genworth Australia and Spotless Group to see who hits ASX boards first.

Elsewhere, analysts ponder the next Wesfarmers divestment, Treasury Wine Estates distances itself from an auction of its US business and Nathan Tinkler’s push for the Wilkie Creek coal mine falls by the wayside.

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