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This year continues to deliver bumper IPOs one after the other, as companies tap both the local and US markets to raise capital at an opportune time. In total, the Australian Securities Exchange (ASX) recorded 113 new listings last year, totalling roughly $5.2 billion. On a global scale, markets raised almost $300 billion through floats…
Airbnb, one of the largest online home rental companies, made a spectacular debut on the Nasdaq last Thursday, with shares more than doubling to give a US$100 billion valuation on its first day of trade. Shares in Airbnb began trading on Thursday at US$146 per share (A$194), rising 115% above its IPO price of US$68,…