PE-backed IPOs Outperform

InvestorDaily

A recent study by the Australian Private Equity and Venture Capital Association (AVCAL) and Rothschild found that PE-financed IPOs that have listed on the ASX since 2013 delivered an average share price return of 40.9 per cent.

Non-PE backed IPOs, from 1 January 2013 to 31 December 2015, returned an average of 25.5 per cent.

AVCAL chief executive Yasser El-Ansary said: “Despite short-term fluctuations year-to-year, the evidence shows that returns are being delivered to investors over the longer term by companies that were previously backed by PE.”

The rest of this article can be found at investordaily.com.au.