ASX Limited (ASXFF)
- Reuters
Bain Capital explores Virgin Australia IPO as aviation market improves
SYDNEY (Reuters) -Bain Capital said on Monday it is looking to relist airline Virgin Australia, in a move that would come as the domestic aviation market bounces back strongly from pandemic lows. A listing of Australia's second-biggest carrier would likely be one of the country's largest initial public offerings (IPOs) in 2023 after capital markets activity plunged last year amid global financial market uncertainty. "In the coming months we will consider how to best position Virgin Australia for continued growth and long term prosperity," Mike Murphy, a Sydney-based partner at the U.S. private equity firm, said in a statement.
- Reuters
Australian stock exchange's blockchain failure burns market trust
In a Sydney hotel conference room in May, Tim Hogben, the head of securities and payments for ASX Ltd, which runs the Australian stock exchange, told traders, share registry operators and clearing house representatives what they were hoping to hear. A rebuild of the exchange's aging software using blockchain-based technology was largely ready after seven years of development, putting ASX on the verge of a world-first transformation that would enable it to boost trading volumes and compete more aggressively with global rivals.
- Reuters
INSIGHT-Australian stock exchange's blockchain failure burns market trust
In a Sydney hotel conference room in May, Tim Hogben, the head of securities and payments for ASX Ltd, which runs the Australian stock exchange, told traders, share registry operators and clearing house representatives what they were hoping to hear. A rebuild of the exchange's aging software using blockchain-based technology was largely ready after seven years of development, putting ASX on the verge of a world-first transformation that would enable it to boost trading volumes and compete more aggressively with global rivals.
