US is biggest source for Australia’s tech listing pipeline

US is biggest source for Australia’s tech listing pipeline

The Edge Markets - World·2021-04-02 05:01

(April 1): The US is the biggest source of technology listings in the pipeline in Australia by number and size, Australia’s market operator ASX Ltd says. Markets in the UK, Israel, Singapore and Malaysia also have “good engagement”, the company said.

A year after the launch of the S&P/ASX All Technology Index with 46 members, the gauge has now blossomed to 75, with an index market capitalization of A$160 billion (US$120 billion). Over the past 12 months, the index has surged 79%.

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