Markets: Digging for an IPO

The head of Australia’s top bourse says mining explorers need a tax boost to revive the IPO market.

Elmer Funke Kupper reckons he may have found a way to bolster equity capital markets.

The ASX chief executive is urging the government to consider an exploration tax credit for miners. This would breathe fresh life into the initial public offering and secondary share sale markets.

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