Wealth

Coal and cars lift IPO results

The IPO market has been disappointing this year, although there have been notable exceptions.

Updated Jun 19, 2010 – 6.47am, first published at 12.08am

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Higher sharemarket volatility and mining tax uncertainty have dashed hopes of a record year for floats. Poor performances from initial public offerings (IPOs) have also scared investors: three of the four largest floats in 2009-10 are trading below their issue price, and two out of every three floats have lost investors money since listing, analysis by the Weekend AFR shows.

But beneath the gloom are some exceptional performances from largely unknown companies.