2019 in review
Market conditions in 2019 were impacted by events such as the
elections in Australia and the UK and an overlay of uncertainty
influenced by the ongoing trade war between the US and China,
protests in Hong Kong and the commencement of the US presidential
election process.
Despite this, outside Australia, in 2019 the theme seemed to be
bigger is better, with several tech sector unicorn floats in the US
and the largest of them all, the float of Saudi oil company Aramco
on the Tadawul stock exchange.
2019 was a more subdued year for Australian IPOs. Nonetheless
there were some standout listings with Prospa successfully listing
after postponing its float in the prior year, large IT sector
listings of foreign based Life360 and Fineos, the listing of eftpos
solutions provider Tyro Payments and real estate sector listings of
Home Consortium and Primewest.
