Australian tech firms set for bigger share of IPOs in 2021
Companies in the technology sector that debuted in 2020 in Australia have seen their stock prices rise by an average of 79% to date
20 January 2021 - 21:42
Technology companies are set to make up a bigger share of IPOs in Australia in 2021 as investor thirst for the sector appears unquenchable, according to dealmakers.
Out of the A$5.4bn ($4.2bn) raised in Australian company debuts in 2020, technology businesses accounted for A$1.3bn, data compiled by Bloomberg shows. At 24% of the year’s total, it is tech’s biggest share of annual IPO volume in at least a decade. Communications and financials, categories that include tech-adjacent firms such as broadband providers and online lenders, made up another A$1.5bn...
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