AFS IPO target date now in 2013
|
|
Dealer group Australian Financial Services Group (AFS) has restated its intention to list on the Australian Securities Exchange (ASX) but now with a target date in 2013.
AFS chief executive and managing director Peter Daly made the company’s intentions clear in a statement released today, but its IPO timetable appears to have lengthened in circumstances where the company was last year indicating it would be looking to proceed in December 2012.
Last year’s December 2012 target date was nominated following a meeting of 71 AFS principals.
Daly has forecast a busy year for the dealer group in 2010 involving product initiatives and training and development programs.
AUTHOR
Mike Taylor
Recommended for you
Net cash flow on AMP’s platforms saw a substantial jump in the last quarter to $740 million, while its new digital advice offering boosted flows to superannuation and investment.
Insignia Financial has provided an update on the status of its private equity bidders as an initial six-week due diligence period comes to an end.
A judge has detailed how individuals lent as much as $1.1 million each to former financial adviser Anthony Del Vecchio, only learning when they contacted his employer that nothing had ever been invested.
Having rejected the possibility of an IPO, Mason Stevens’ CEO details why the wealth platform went down the PE route and how it intends to accelerate its growth ambitions in financial advice.
