IPO

Investment Strategy

Blue Sky Investments says few will follow its IPO

Blue Sky Alternative Investments Ltd., which raised $6.47 million in an initial public offering, says it hopes its IPO will attract foreign investors to help grow a business that now has $180 million in assets under management. The company, whose headquarters are near Brisbane’s Botanic Gardens, says it hired Debra Goundrey last year to work […]
Investment Strategy

Australian fund managers cool on IPOs

Australia’s money managers aren’t seeking to buy shares in initial public offerings where the risk is significantly higher than investing in cash were the annual return is about 6 per cent, say accountants and advisers HLB Mann Judd Australasian Association. “A 6 per cent cash return versus significant risk; investors are happy to wait” rather […]