Thursday, 21 July 2016

IPO due diligence under the spotlight

A recent report released by ASIC (Report 484) provides some interesting insights on ASIC’s focus when reviewing an IPO prospectus and considering the background due diligence undertaken in the preparation of the prospectus.  The report was based on ASIC’s review of due diligence practices for 12 IPOs, with 10 being for small to medium-sized issuers.

Some particular points of note are: