SYDNEY: Australia is leveraging off its strength as a mining powerhouse to become the go-to destination for initial public offerings (IPOs) in the resources sector.
The Australian Stock Exchange (ASX) notched up 42 IPOs in mining-related businesses over the past 12 months despite the Covid-19 pandemic, well ahead of other hotspots including Toronto, with 28, and London with two, according to data compiled by Bloomberg.
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