Australian IPOs set to rebound this year, raise up to $7.8b

Australian IPOs set to rebound this year, raise up to $7.8b

FILE PHOTO: A visitor takes a photograph of a board displaying stock prices at the Australian Securities Exchange (ASX) in Sydney, Australia March 6, 2017. REUTERS/Steven Saphore

Australian IPO fundraising could double this year to around A$10 billion ($7.84 billion) from five-year lows in 2017, with firms such as Deutsche Bank-backed Latitude Financial poised to capitalise on rallying markets and investor craving for big deals.

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