Where are all the IPOs?

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One of our followers on Twitter asked us for our thoughts last night and it’s something we’d been thinking about but hadn’t really discussed with our readers. Where are all the IPOs this year?

By the end of the March in 28, 28 IPOs had listed on the ASX (We tend to ignore ETFs). By the same time last year, there’d been 21 listings.

In stark contrast, we’ll have seen a paltry 7 IPOs come to market so far this year, including today’s listing of Kina Petroleum.

We’ve seen plenty of IPOs missing scheduled dates, that’s fairly normal, but there’s also far less in the works and some of those simply withdraw completely.

Give us your thoughts in the comments below, What do you think is driving this?