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.In 2013, companies are expected to have raised about $6 billion through initial public offerings, a six-fold jump from last year and the highest since 2010, according to Thomson Reuters data.On Monday, shares in education training provider Vocation Ltd opened up 10 percent on their A$1.89 offer price after the company raised A$253 million ($230.19 million) in its IPO. Vocation last traded at A$2.06, giving the company a market capitalisation of A$412 million.The company's upbeat open comes after a strong performance from peers Navitas Ltd and G8 Education Ltd said Evan Lucas, IG's market strategist. Navitas' shares are up 27 percent so far this year, while G8's have risen 89 percent in the same period.
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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