IPO rush to kick in early in 2021
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The initial public offering (IPO) boom which flooded the ASX with new listings in the lead up to Christmas is expected to resume in the New Year, as float managers line up investor briefings for the end of January.
Sharemarket floats traditionally go on hold until April at the earliest while investors digest the February earnings season reports. However, Max Cunningham, the ASX executive general manager of listings, said IPOs are likely to start flowing in much earlier than usual. We haven t ever seen an IPO market where it has taken a pause and then resumed, in terms of marketing deals, (this quickly) probably just after Australia Day, he said.