Bankers in Australia have much to cheer this Christmas as fees from underwriting IPOs surge 10-fold this year, and many are now betting on an equally active year in 2014 as a slew of private equity exits keep the market busy.Before the year ends, 14 more companies are due to start trading on the bourse after raising almost $1 billion in total. That would take the 2013 tally to about $6 billion, a six-fold jump from last year and the highest since 2010, according to Thomson Reuters data.The rush of listings, most of which are concentrated in the last two months of the year, have led some bankers to predict an initial public offering pipeline of at least A$6 billion ($5.46 billion) next year, defying a slowing domestic economy weakened by falling commodity prices.The resurgence follows two lean years in 2011 and 2012 when investor appetite for new issues slumped due to global economic uncertainty and a rash of poor secondary market performances.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.41% or $0.15/share to $36.91. In the past year, the shares have traded as low as $27.95 and as high as $38.73. On average, 867829 shares of TRI exchange hands on a given day and today's volume is recorded at 638978.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.54% or $0.21/share to $39.30. In the past year, the shares have traded as low as $27.51 and as high as $40.61. On average, 954833 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 893242.
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