The Redox Float: The First Serious Flotation Since the Start of 2022

The chemical distributor Redox listed on the ASX this week. It was the first serious float, I think, since the start of 2022. But it got off to a soft start with shares opening at $2.51 and selling for $2.55. Anthony Boyd says until floats are priced with that extra bit of buffer in there, investors will probably be reluctant. The next big IPO hopeful is Virgin because Bain Capital owns a big private equity firm that owns Virgin. Our listeners' annual returns from their super funds have also been impressive.