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Top 5 Accounting Firms
2000 IPO Summary

The year 2000 proved to be a record year for Initial Public Offerings with 154 new listings on the Australian Stock Exchange.

Continuing their dominance in this area, the Top 5 Accounting Firms – Arthur Andersen, Deloitte Touche Tohmatsu, Ernst & Young, KPMG, and PricewaterhouseCoopers – participated in 98 (or 64%) of successful new floats.

This dominance was reinforced when considering that the Top 5 Firms figured in $6,815.56m out of a total of $7,392.19m (or 92%) of funds sought for new listings.

Ernst & Young participated in 27 new floats.  PricewaterhouseCoopers* was involved with 26 and KPMG* with 20.  Deloittes (18) and Arthur Andersen (7) rounded out the Top 5.

The unprecedented level of new float activity also generated a high level of unsuccessful listings.  In 2000 a total of 196 offers were introduced into the marketplace with 34 (17%) being unsuccessful.  Approximately 1/3 of these unsuccessful listings were technology related companies.

This result compared with 122 offers introduced into the market in 1999 which resulted in 120 companies successfully listing and only 2 offers withdrawn (total amount sought for these 120 listings was $4,780.94m).

As of the 28th of February, there were still 8 proposed listings which were announced in 2000 but not yet finalised.

The following information summarises IPO activity in the year 2000 for the Top 5 Accounting firms.

*  PricewaterhouseCoopers and KPMG are involved with proposed listings which have not yet been finalised.  Neither organisation has been credited with these IPO’s.  See the “Floats Pending” section for additional information.

 


TOP 5 ACCOUNTING FIRM SUMMARY

INDUSTRY

ERNST &
YOUNG

PWC

KPMG

DELOITTES 

ARTHUR
ANDERSEN

TOTAL IPO's

 

No.

Amount
 Sought

No.

Amount
 Sought

No.

Amount
 Sought

No.

Amount
 Sought

No.

Amount 
Sought

No.

Amount
 Sought

 

 

 

 

 

 

 

 

 

 

 

 

 

Misc. Industries

5

171.30

6

115.84

3

57.47

5

70.59

-

0.00

19

415.20

High Tech/Bio Tech

10

76.06

3

43.90

3

31.50

4

46.00

2

18.00

22

215.46

Telecom/Media

3

75.37

6

70.15

7

173.00

3

30.80

4

348.75

23

698.07

Banking/Finance/Prop.

4

76.40

5

62.61

1

4092.00

3

11.50

-

-

13

4242.51

Mining/Energy

2

8.40

2

15.50

4

15.22

2

8.00

-

-

10

47.12

Retail

3

26.00

2

617.62

-

-

-

-

1

5.00

6

648.62

Alcohol/Food

-

0.00

1

25.00

1

0.28

-

-

-

-

2

25.28

Infra/Utilities

-

0.00

-

0.00

1

198.00

1

292.80

-

-

2

490.80

Transport

-

0.00

1

32.50

-

-

-

-

 

-

1

32.50

Total

27

433.53

26

983.12

20

4567.47

18

459.69

7

371.75

98

6815.56

 

 TOTAL IPO MARKET

INDUSTRY 

NUMBER

AMOUNT SOUGHT

Misc.Industries 

31

650.44

High Tech/Bio Tech 

32

295.61

Telecom/Media

29

730.52

Banking/Finance/Prop

23

4368.27

Mining/Energy

23

116.30

Retail

8

667.62

Alcohol/Food

5

40.13 

Infra/Utilities

2

490.80

Transport

1

32.50

 

  

Total 

154 

7392.19 

 

Top 10 IPO’s

For The Year 2000

 

Company Name

Advisor

Industry

Amount  Sought ($m)

1.

NRMA   

KPMG

 Banking/Fin/Prop

  4091.80

2.

Deutsche Retail Trust

PWC  

Retail  

  366.00

3.

Uecomm Ltd  

Arthur Ander

Telecom/Media

  313.50

4.

Aust Pipeline Trust

Deloittes

Infra/Utilities

  292.80

5.

Billabong Inter. Ltd

PWC  

Retail  

  251.62

6.

Alinta Gas  

KPMG  

Infra/Util

  198.00

7.

Medical Imaging  

Ernst & Young

Misc. Indust.

 74.30

8.

Aust Plant & Timber

PWC  

Misc Indust.

 70.14

9.

Forest Enterprises

PKF  

Misc Indust.

 70.00

10.

IBA Technologies

Ernst & Young

Misc Indust

 60.00

 

Top 10 Unsuccessful IPO’s

For The Year 2000

 

Company Name

Advisor 

Industry

Amount  Sought ($m)

1.

ComVergent Tele

Deloitte

Tele/Media

375.00

2.

Eurogrowth Ltd

Court & Co

Fin/Prop

 100.00

3.

UCMS

KPMG

High Tech/Bio Tech

 64.00

4.

Access Gaming Systems

KPMG

Banking/Fin/Prop

 45.00

5.

Lasseters Holdings

BDO

Banking/Fin/Prop

 40.00

6.

Women’s Health Bio Ltd

Spence & Co

High Tech/Bio Tech

 30.00

7.

Mobileworld Comm

Deloitte

Retail

30.00

8.

MDSnews.com Ltd

KPMG

High Tech/Bio Tech

 12.00

9.

Softlink Inter

Ernst & Young

Tele/Media

10.00

10.

Ewinexchange Ltd

PKF

Retail

 10.00

 

Floats Pending

Announced in Year 2000

 

Company Name

Advisor

Industry

Amount  Sought ($m)

1.

ABC Learning

N/A

Banking/Fin/Prop

 .70

2.

IPF Finance Ltd

N/A

Banking/Fin/Prop

 5.00

3.

Namakwa Diamond Co

KPMG

Mining/Energy

 5.80

4.

Tawana Resources

N/A

Mining/Energy

5.00

5.

Terramin Aust

KPMG

Mining/Energy

 4.00

6.

Sage Global

N/A

Banking/Fin/Prop

 10.00

7.

ST Synergy Ltd

PWC

High Tech/Bio Tech

4.50

8.

WebOz Ltd

N/A

Tele/Media

 2.10