trending Market Intelligence /marketintelligence/en/news-insights/trending/tfQddum2B0BmULxYHkbS7Q2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Australia's Latitude Financial withdraws IPO for 2nd time

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Australia's Latitude Financial withdraws IPO for 2nd time

Australia's Latitude Financial Services Ltd. decided to pull its proposed IPO after the close of the bookbuild on Oct. 15.

The nonbank lender did not provide specific reasons for the IPO-withdrawal decision in its Oct. 16 statement but said its board of directors and shareholders were conscious of the importance of ensuring a strong after market for the company. The decision came after the company repriced its IPO at A$1.78 per share on Oct. 14, taking its market value to A$3.17 billion.

Latitude Financial failed to secure enough support for the IPO, The Australian reported, noting that it was the second time the company withdrew its listing plans.

Latitude Financial CEO Ahmed Fahour said some investors were not prepared to offer a price per share that "reflects a fair value given the strength and performance of our business," The Australian Financial Review reported, citing his email to staff. The publication added that investors considering to participate in the IPO voiced concerns about the company's earnings quality and visibility, among others, given the limited historical data in the IPO prospectus.