Australia’s IPO market appears finally to have recovered from the GFC, with ASX listings raising $6.5 billion in the past six months, and a total of $7.8 billion in the 2013 calendar year.
From Deloitte this week:
Some 61 IPOs are expected to be finalised by New Year’s Eve, up from 48 in 2012. Of this year’s listings, 23 are expected to take place this month, raising a total of $4.6 billion.
“This will make 2013 the biggest year for float activity since  in terms of funds raised, when 260 IPOs delivered a combined capital raising of more than $10 billion,” Deloitte reported.
As of December 17, 53 new companies had floated on the ASX, of which 53% were trading above issue price.
Deloitte named Skydive Australia as the best-performing IPO of the year, with shares up 175% to $0.55 in the 12 months since its January 18 listing.
Matt Barrie’s Freelancer.com was named the second best IPO, with shares up 156% by Deloitte’s review date.
There’s more in Deloitte’s report.
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