World Business News

A round up of the latest news for those doing business internationally

Aus $4bn shares to hit market as vendors exit

Zone(s): Australia ¦ Sector(s): Finance, Stockmarket
[28 June 2014, The Australian] By Damon Kitney, Victorian Business Editor, Melbourne and Michael Bennet, Reporter, Sydney. From Australia: More than $4 billion worth of shares could flood the share market in the next six months as escrow periods lapse on a range of big-ticket floats from the past year — such as Nine Entertainment and Veda — prompting warnings from fund managers about the impact on share prices and the reputational risk for the companies involved. But bankers, enjoying the bumper run of floats after a dearth of deals in recent years, argued the market would be able to handle sell downs as there was strong demand for “liquidity events”.