The Initial Public Offering (IPO) market in Australia is vibrant. 93 businesses floated in 2018, a year of extreme volatility.
The IPO pipeline for the second half of 2019 looks promising. Large IPOs will be dominated by technology companies with Uber, Lyft, Zoom, Slack and Cloudflare, all at the heart of speculation.
As businesses which have publicly listed will attest, the decision to go IPO isn’t a destination – it’s a journey and one which typically is many months, if not years, in the making. Whilst an IPO can raise capital for growth and other initiatives, it also attracts increased requirements around compliance, reporting and due diligence.