Business Services Industry
The appeal of being private.
Australasian Business Intelligence, August, 2006
Byline: Andrew Heathcote
Aug 10, 2006 (BRW - ABIX via COMTEX) -- Sixty-seven companies undertook initial public offerings (IPOs) in the first half of 2006, according to HLB Mann Judd. This compares with 60 in the first half of 2005. However, in spite of the increase, accounting firms that represent private companies suggest that listing on the Australian Stock Exchange (ASX) is not the attraction that it once was. Listing is an expensive exercise, and being on the ASX exposes companies to greater auditing and regulation requirements. Indeed, Greg Will, of PricewaterhouseCoopers says he is aware of some listed firms that want to privatise themselves.
Publication Date: 10 August 2006
HLB MANN JUDD
AUSTRALIAN STOCK EXCHANGE LIMITED -...
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