Don’t expect much better when the ASX is trying to be a “NASDAQ Down Under”.
https://ia.acs.org.au/article/2019/asx-to-launch-new-tech-index.html
Watch all the non investment grade startup crap start to float on the ASX. We can have our own dotcom bubble.
Already seen it happening with the poor quality tech floats on ASX recently. (eg. Big Un, Openpay, Life360, isignthis, Fineos, Whispir, etc)
Administrators probe $14m deals in pirate funds empire, page-5
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