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Keypath Education drops on Australian market debut


By Reuters Staff
2 Min Read
(Reuters) - Keypath Education International Inc slumped as much as 8.4% in its Australian market debut on Wednesday, the latest Macquarie-led initial public offering (IPO) to underperform after its listing.
Shares of the Chicago-based company that offers online educational courses for universities were down as far as A$3.40, before recouping some ground to trade at A$3.5 still around 5.7% below its IPO price of A$3.71.
The IPO was seen by some as a test for Macquarie after it and Morgan Stanley brought Nuix Ltd to the market in December to a stellar debut, only for the software provider to now trade at less than half its IPO price following a second downgrade to revenue forecasts. ....

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