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Updated Save Share Macquarie Group chairman Peter Warne says there’s been “no corners cut” in the float of tech company Nuix last December. Macquarie Group CEO Shemara Wikramanayake and chairman Peter Warne.   Jessica Hromas Mr Warne said on Thursday Macquarie had conducted a “full review of the IPO process with the IPO team”, which was a separate part of the company from the Macquarie employees who handled the investment bank’s investment in Nuix. The float “went through all the normal processes” and was of a “very high standard”, he said. “In the actual IPO process, ...

Nuix (ASX:NXL) share price plunges 7% in 7 days Nuix shares are dropping again. Could ongoing ASIC investigations be to blame? Brooke is a Junior Financial Journalist at the Motley Fool Australia. Brooke's interests in finance and the share market evolved during her time at Charles Sturt University. There, she studied a Bachelor of Communication, majoring in journalism and sub-majoring in international relations. In her spare time, you'll find Brooke gallivanting around South East Queensland, no doubt with her dog in tow. You can view Brooke's holdings here. Latest posts by Brooke Cooper (see...

Switzer Daily 1. Big test for shares this week With the stock market up 24% last financial year, there’s a big test for share prices this week. That 24% rise was the best in 30 years and in recent months stock prices have ignored lockdowns around the country. But if the Reserve Bank signals it’s going to reduce its bond buying on Tuesday, then share market positivity could easily turn to negativity. We’ll find out tomorrow at 2.30 pm when the RBA gives its latest decision on interest rates. 2. ASIC calls insider trading a family affair Company regulator ASIC has revealed its case agains...

The numbers that spelt trouble for Nuix IPO Just which Nuix accounts is ASIC investigating? There were so many. Save Share 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 a...

Explosive insider trading claims as ASIC turns torch on Nuix IPO Save Share Broadening investigations into alleged insider trading at fallen technology star Nuix now threaten to embroil Macquarie, Morgan Stanley and PricewaterhouseCoopers over their role in the technology group’s IPO last December. Court action by the Australian Securities and Investments Commission relating to former Nuix CFO Stephen Doyle, who is accused of realising $17.8 million from insider trading, has revealed a second ASIC investigation into the Nuix prospectus and into its accounts from 2018 to 2020. The corporate ...