Australian IPO’s 2013

The growing appetite for IPOs

With the ASX 200 reaching a 5 year high – Eureka Report‘s James Kirby looks at the outlook for IPOs. With insurance group Steadfast and medical group Virtus already listing this year, Kirby talks to rumours of floats for Channel Nine, Medibank Private, Australia Post and Dick Smith.

Consumer electronics chain Dick Smith appears set to list on the stock exchange in an initial public offering worth more than $500 million, more than five times the amount Woolworths sold it for less than 12 months ago.

While the Nine Entertainment float has moved one step closer with the channel appointing three investment banks to oversee its initial public offering. Nine has reportedly settled on UBS, Macquarie and Morgan Stanley.

The broadcaster is looking to raise up to $1.2 billion from the listing, now set to happen before the end of the year.