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Deloitte Annual IPO Report

2010-2011 (FY11)


Deloitte Annual IPO ReportWelcome to the annual Deloitte IPO Report, a review of the IPOs that have taken place over the last financial year (FY11). In the report we highlight that while difficult market conditions continue to exist, both the number and value of floats increased on the prior year and continues the improvement since 2009, key observations include:

  • FY11 produced 123 floats, almost double the prior year
  • Value of funds raised reached $7.6b up from $4b in FY10. The value of funds raised was driven by two large floats which occurred in the December quarter, QR National and Westfield Trust which together raised $6.1b or 80% of the total
  • The resources sector fuelled the growth in the number of floats accounting for 80% or 95 of the total IPOs in FY11
  • In line with the above, Western Australia produced 63 IPOs or more than half the national total. While Queensland accounted for only 11 IPOs (or 9% of the total), by value of funds raised Queensland represented 57% of the total due to not only QR National but also three other IPOs in the top ten for the year (ERM Power, NEXTDC and Onthehouse)
  • The overall share performance of the new entrants was slightly better than the previous year where only one in three ended up in the black. In FY11 this improved to 42%
  • While a strong pipeline of potential candidates for an IPO exists, current market volatility will continue to make conditions difficult for entry.

To view the Deloitte Annual IPO report for 2010-2011, please click here

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