Nuix sell-off adds to Sheehyâs potential damages
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A mere three months after floating, Macquarie-backed Nuix was sold off 32.4 per cent on Friday, investors not having liked its revelation of a âsofterâ first quarter.
Itâs never a good look when a company surprises the market a matter of weeks after compiling its prospectus. On the other hand, in closing the week at $6.06, Nuix is still slightly above its $5.31 IPO price, but well down on highs of $11.16, reached this time last month.
Itâs been a wild ride for shareholders including Macquarie (which retained a 30 per cent stake after the float), Washington H. Soul Pattinson, and Yarra Capital Management. And for former chief