IPO window cracks open as two large floats test investor appetite
After a thin year for listings, a pair of billion-dollar candidates are sounding out institutions — a barometer for the wider pipeline.
Marcus Pereira
Senior Markets Correspondent · Thursday 28 May 2026 · 4 min read
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Equity capital markets bankers are cautiously optimistic as two sizeable initial public offerings begin testing institutional demand.
A successful pricing would be the clearest signal yet that the long-dormant IPO window is reopening.
Fund managers say they are willing to engage but remain disciplined on valuation after a run of disappointing recent debutants.
The outcome will shape whether a backlog of private-equity-owned assets comes to market next year.
Marcus Pereira
Senior Markets Correspondent · 12 years on the markets desk
Marcus covers the ASX, equity capital markets and the RBA. Breaking news and daily Morning Briefing lead.