Mining boom lifts Australian IPO returns-Deloitte
A mining boom in Australia’s far west sparked a surge in initial public share offerings in fiscal 2007, with returns bettering those of the Internet stocks boom of seven years ago, consultancy firm Deloitte said on Wednesday.
IPOs in Western Australia state, home to 80 percent of Australia’s gold production and the world’s single largest iron ore deposit, nearly doubled to 117 during the year — worth A$1.8 billion ($1.5 billion) — from 67 in fiscal 2006, according to a tally by Deloitte. Read more..
