Investors back copper as Metals Acquisition jumps on ASX debut
The copper miner’s oversubscribed initial public offering could augur “green shoots” for the struggling IPO market.
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The copper miner’s oversubscribed initial public offering could augur “green shoots” for the struggling IPO market.
A host of market headwinds spurred a halving in the total number of initial public offerings launched in 2022, according to the latest research from HLB Mann Judd. Global chartered accounting and ad
HLB Mann Judd research has found IPOs raised just over $1 billion in 2022, compared to $12.3 billion in the previous year, with market uncertainty likely to dent activity in the first half of 2023.
The initial public offering market has shrunk in the last few months, bucking the trend of high listings that the market has seen in the previous 18 months.
The ASX’s pipeline contains just one-third of listings, seeking one-10th the amount of capital, compared to the same time last year.