There was one thing missing from Macquarie’s annual Australia conference this year, which launched on Tuesday.
Traditionally, Macquarie tees up a dinner with five or so IPO contenders and some fund managers the night before official proceedings kick off, to give the fundies a sneak peak at what’s in the float pipeline and start the courting process.
However this year, the IPO class of 2021 was nowhere to be seen. Despite that, Macquarie was still in the market with the biggest deal/float of the day on Tuesday – sending off terms for edtech Keypath Education’s potential listing, which valued it at up to $1 billion.
NSW has started courting Australia’s big superannuation funds and their big offshore peers for the potential multi-billion dollar lotteries revenue securitisation.