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    Launches hit the heights

    Sep 04, 2019 4 minutes
    STORY ALEXANDRA CAIN
    “Companies with reliable long-term cash flows and strong balance sheets will benefit the most”

    While there has been a dearth of initial public offerings (IPOs) so far this year, those that have come on the bourse have performed well. The IPO Watch Australia Mid-Year Report from accounting firm HLB Mann Judd says only 23 companies have listed on the ASX this year, a knock-on effect from the desultory sharemarket conditions in the second half of last year.

    In total, $823 million was raised during the first half of 2019, compared with $2.5 billion in the first half of 2018. It was slim pickings in particular in small caps, with just 13 listings in the first half versus 31 in the same time

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