Inquiry into the implications of common ownership and capital concentration in Australia
It is important for this inquiry to take account of the fact that in many developed economies around the world,
evidence points to there being recent and significant periods of de-equitisation within public markets. The trend
has been gathering pace in the United States, and it is also now evident within Australia for certain periods of
time. The appetite for companies to seek public listing as a means of securing access to expansion capital to
fund growth strategies has diminished markedly in recent years, especially as the availability of alternative forms
of funding and financing become more readily accessible.
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