Within the space of two days, two Australian tech players have chosen to push for ASX floats over buyouts. It doesn’t just underline how Australia’s IPO drought will break, but what sector will play a big part in breaking it. Meanwhile, Etihad looks to have grabbed even more of Virgin Australia, Discovery Metals has a recapitalisation deal, Billabong has changed track for what appears to be the last time and Perpetual has won the ACCC’s trust.
OzForex, Goldman Sachs, Macquarie Capital
The army of companies marching towards the ASX is growing yet further.