DataRoom AM: Japara buzz

Investors eagerly back Japara ahead of its float, while National Australia Bank is reportedly mulling the sale of MLC’s life insurance business.

The IPO market has received a welcome dose of good news as the coming float of aged-care group Japara Holdings is well received by institutions. It has many saying the IPO market is selective based on quality, but there’s likely more to it than that.

Elsewhere, National Australia Bank mulls a $1 billion divestment, BP outlines Australian expansion plans, BHP Billiton offloads another non-core asset and Archer Daniels Midland positions for a fresh bid for GrainCorp in the years ahead.


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