Corporate watchdog raises float concerns

OVERPROMISING and under-delivering, and sweetheart deals for stock promotors running mining and exploration initial public offers, have been under the microscope by the Australian Securities and Investments commission, with the watchdog saying funding standards and practices are lacking over the IPO life-cycle.

Corporate watchdog raises float concerns Corporate watchdog raises float concerns Corporate watchdog raises float concerns Corporate watchdog raises float concerns Corporate watchdog raises float concerns

ASIC is concerned by the IPO process.

The corporate beat cop reviewed 17 of 72 IPOs seeking less than $20 million between 2016 and 2018, from transaction origination through to on-market trading after listing.