Last-minute IPO rush may salvage Australia’s worst year for deals

Last-minute IPO rush may salvage Australia’s worst year for deals

People are reflected in a glass while looking at electronic boards displaying stock information at the Australian Securities Exchange, operated by ASX Ltd., in Sydney, Australia, on Tuesday, Feb. 6, 2018. Photgrapher: Brendon Thorne/Bloomberg

The Australian Securities Exchange is counting on a pipeline of at least a dozen companies to help salvage what is shaping up as the market’s worst year for initial public offerings since the global financial crisis in 2008.

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