Despite the widespread economic impact of COVID-19, the Australian IPO market rebounded strongly in the second half of 2020 with a resurgence in market listings. This was one of the key findings from HLB Mann Judd’s annual IPO Watch Australia Report. The report analyses IPO activity over the past 12 months on a number of key metrics, including listing volumes, share price performance, industry spread and overall trends, as well as a review of the pipeline for 2021. In 2020, there were 74 new listings on the Australian Stock Exchange (ASX), which was an increase of 12 on the year prior. Most interestingly, 62 of the 74 listings occurred in the second half of the year. The strong end to 2020 reflects the resilience of Australia’s economy amid particularly tough business conditions.
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