Friday, 18 December 2015

2015 IPO update

Tips and trends for companies considering an IPO

2015 has been a good year for IPOs in Australia, with a number of sizeable listings, including the recent $2.3 billion listing of Link Group.  It has also seen a continuation in the trend of small and mid cap technology companies finding their place on the Australian Securities Exchange (ASX). 

The technology, media and telecommunications (TMT) industry has had a strong run of listings in 2015, including the $2.1 billion listing of accounting software developer MYOB Group earlier this year.

We have also experienced a steady stream of IPO activity, including advising on 4 IPOs in the TMT space this year (for OtherLevels, Superloop, Over the Wire, and Megaport).  With our involvement on a number of floats, we have also continued to see strong appetite from institutions as well as retail investors, validated through an increase in broker-firm offer rounds which are steadily becoming a recognised feature of many offers.

Tuesday, 8 December 2015

Welcome to the ideas boom

Top 10 initiatives from the Turnbull government’s $1b Innovation Statement

Prime Minister Malcolm Turnbull and Minister for Industry, Innovation and Science Christopher Pyne yesterday unveiled the Federal Government’s highly-anticipated Innovation Statement with the comment, “welcome to the ideas boom”.  

As the Turnbull government's first major policy document, it is expected to involve the investment of $1.1b over four years across a range of industries.  Mr Turnbull believes the plan will drive innovation in government, promote a culture of entrepreneurship and place innovation at the heart of everything we do in Australia.

Australian businesses, particularly start-up companies and those in the technology sector are set to benefit from the initiatives.  We have highlighted our top 10 opportunities below.