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The numbers that spelt trouble for Nuix IPO


The numbers that spelt trouble for Nuix IPO
Just which Nuix accounts is ASIC investigating? There were so many.
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Directors of former glamour tech stock Nuix were still reeling after Australian Federal Police raided its Sydney head office on June 24 as part of an insider trading investigation when they learnt they faced a more immediate crisis.
At 11.35 that Thursday morning when the Nuix board told the ASX of the raid, they described it as an “investigation into the affairs of an individual”, concluding rather smugly: “Nuix understands that the warrant does not relate to any allegation of wrongdoing by the company.” ....

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Nuix turmoil throws spotlight on Macquarie


Nuix turmoil throws spotlight on Macquarie
Fresh details have emerged of the bank’s role in the tech company’s IPO, amid a witch-hunt to find the source of internal leaks.
Nuix was the hottest IPO of 2020. Today the share price is down 70 per cent from January and the company is conducting a hunt for leakers.
 
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May is the golden month for Macquarie Group, when it celebrates its yearly results and quietly rewards its brightest stars with seven- and eight-figure bonuses amid general acclaim. This year, not so much.
Instead of a victory lap, Macquarie is facing uncomfortable questions about the windfall profits it made when it listed glamour tech company Nuix last December. ....

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Panel Meets to Unearth Meddling in Federal Scientists' Work, Contemplate How to Avoid Future Interference


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President Biden is hoping to add more teeth to scientific integrity policies across government.
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The White House on Friday held its first task force meeting to develop strategies for empowering career federal scientists, including through identifying incidents of interference in previous administrations. 
Several dozen scientists from across government attended the inaugural gathering of the Scientific Integrity Task Force, which President Biden created shortly after taking office. Headed by the White House’s Office of Science and Technology Policy, Biden launched the panel to combat political interference in the scientific work by federal agencies’ career employees. In addition to reviewing each agency’s policy for protecting against interference, the task force will examine what went wrong in recent years.  ....

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