IPO boom leaves fundies with deal fatigue

The biggest rush of companies to float on the ASX in nine years has left some fund managers unimpressed, saying it is difficult to spot good opportunities among the onslaught of offerings.

A huge rush of initial public offerings in the second quarter has left many investors struggling to digest the details of offers and make decisions, which has led to a lack of support for some floats, reporting by Data Room has found.

So far this year, the IPO market has raised a hefty $5.18bn, the largest amount for the same period since 2005, and more than five times the $900.5m raised in the first half of last year.

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