AUSTRALIA ’ S RECORD IPO YEAR after-market performances . The integrated service company provides cleaning , catering , laundry services , facilities management and non-core business support to Australia and New Zealand markets .
According to analysts , moves by companies like this have encouraged vendors to go public on the market instead of selling privately , and that Australia ’ s sharemarket is trading at an all-time high , buoyed by historically low interest rates in the first half of the year . This also gives private equity firms , which have held onto mature assets through less favourable years , the chance to offload these stocks .
Healthscope , one of Australia ’ s largest hospital owners and operators relisted on the ASX in July . The company was previously removed from the ASX in 2010 after its takeover by US private equity firms TPG Capital Management LP and Carlyle Group .
Its F2014 results were astronomically improved over 2013 , giving the company the confidence to go ahead with reenlistment .
The state-owned health insurer Medibank Private was just approved for privatization at the end of August , which will see the company listed on the ASX before Christmas of this year . Like Healthscope , Medibank is expected to fetch a market value of around $ 4 billion when it lists in December . Australian retail investors now have the opportunity to preregister for a share offer prospectus . Investment banks including Macquarie Capital , Deutsche Bank and Goldman Sachs are involved on the float as joint lead managers .
And Hoyts , Australia ’ s second largest cinema chain , has appointed the investment bank UBS as advisors to go ahead with a minimum $ 700million offering . The company
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