SYDNEY: From bras and underpants to underground mining, investors in Australian stocks are bracing for a fresh wave of floats early next year as a raft of private businesses get set to take returns in a robust bourse.
After a long, dry spell for initial public offerings (IPOs), Australian bankers and private equity investors have opened the tap, pouring out A$6.6bil worth of IPOs in the six months to December, nearly triple the year-ago figure.
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