Data centre operator DigiCo has extended declines in just its second session on the Australian Securities Exchange after marking the country’s biggest initial public offering in over six years.
Cheyanne Enciso
Data centre landlord DigiCo has made a lacklustre start to life on the Australian Securities Exchange after its $2 billion initial public offering — the nation’s biggest in more than six years.
Mondelez International is reportedly considering buying chocolate maker Hershey.
Staff Writers
Shares in the Sydney-based company only briefed traded above their issue price of $2.50 on Monday before nosediving to close at just $2.31, revaluing it at $442.5 million.
Sean Smith
Canva, a Perth-founded developer of creative design software, has hired former Zoom chief financial officer Kelly Steckelberg as its top financial executive.
Daniel Newell
National Australia Bank boss Andrew Irvine is worried about the risk of a trade war between the US and China, and its implications for the Australian economy.
Poppy Johnston
A former pizza delivery driver who grew Domino's into a billion-dollar multinational company with the lot is leaving after more than two decades at the helm.
Neve Brissenden and Kaitlyn Offer
Digital payment services are under increasing pressure as Aussies ditch cash and they are mostly rising to the task, a Reserve Bank report has found.
Jennifer Dudley-Nicholson
Virgin Australia owner Bain Capital’s haul from the airline has soared beyond $1b as cancelled flight credits boost profits. Those with credits remaining have been urged to get in soon before they too expire.
Neale Prior
Qatar Airways plans to take a 25 per cent stake in code-share partner Virgin Australia in a move that will expand the Gulf carrier’s global network.
Newmont has fired up WA’s iconic Telfer mine after nine months of tailings dam troubles as it hands the reins to Greatland Gold under a $714 million deal that’s set to vault the new owner to an ASX listing.
Simone Grogan
Financial complaints have reached a record high after disputes to the ombudsman service went up a further nine per cent to more than 105,000 in 2023/24.
Holly Hales
Geraldton-founded marine services business Bhagwan Marine charted a steady ASX debut on Tuesday in what doubled as WA’s biggest initial public offering in nearly three years.
Just 13 businesses listed on the ASX in the first half of this year as higher interest rates and global tensions keep the market cool.
Matt Mckenzie
Geraldton’s Kannikoski family says Bhagwan has lived up to its name as their marine services company prepares to join the Australian share market at the end of the month after an $80m float.
The former Geraldton crayfishing family that founded ASX-bound Bhagwan Marine will retain just over 40 per cent of the company after its $80 million float next month.
Seven months since it filed for its US IPO, Shein’s public debut may be all but dead, after it faced countless public hurdles and pivoted to the London market, according to experts.
Ece Yildirim
An influential analyst is still casting doubts on Guzman y Gomez despite the quick service restaurant’s stellar start to life on the Australian Securities Exchange.
The first exchange-traded fund to invest directly in Bitcoin has made its entry onto the Australian Securities Exchange, with the cryptocurrency faithful cheering the start of a price war among ETF providers.
Mexican-themed restaurant chain Guzman y Gomez has made a sizzling start to life on the Australian Securities Exchange, soaring to a market valuation of more than $3.3 billion on its debut.
Investors are being warned to approach the $2.2 billion float of Guzman y Gomez with caution and avoid “getting caught up in the frenzy” of the quick service restaurant’s lofty price tag.
Less than two weeks before its expected float on the ASX, analysts are starting to question the value of quick service restaurant Guzman y Gomez.
Adrian Lowe
Tracey Horton and Andrew Wackett were quietly appointed directors of the WA marine services company in recent weeks, adding corporate governance and financial expertise as Bhagwan prepares for the ASX.
There’s no arguing that APM’s overpriced float dudded incoming investors.
