6 hours ago
- Business
- AU Financial Review
ASIC's IPO tweak helps, but it's not the saviour of public markets
Joe Longo, chairman of the Australian Securities and Investments Commission, has picked the second most obvious piece of low-hanging fruit to show he's doing something to support initial public offerings and Australian-listed equities markets.
Tightening IPO timetables is a no-brainer. It takes away some of the market risk for underwriters, who are investors these days, not investment banks, which should encourage investors to buy shares in floats and make it a tad easier for ASX-aspirants to get support for their big listing day.
