FINANCE
JUST IN THE first five months of 2014 , Australian businesses had set a new record for money raised in public floats – five times more capital raised than in the first half of F2013 . Larger deals that have happened from June on have put the country on track to have its biggest IPO year since 1997 , when the privatization of Telstra began .
Companies raised close to $ 3 billion in sharemarket flotations through May – with the capital raised so far equally more than that raised in all of 2011 and
2012 combined . What has led to the enthusiastic IPO market in Australia , and what is currently driving it ?
With the Asia-Pacific region looking lackluster compared to its Australian counterpart , and historically low interest rates in the country , Australia is setting itself up to be a bright spot in the region ’ s economy for years to come .
Companies Taking the Plunge Back in May , Spotless Group Limited raised $ 955 billion after posting strong
16 October 2014