Interesting debate lately among OZ lawyers about listing on the ASX, versus remaining in private ownership. An article a few weeks ago stated concerns that focusing on shareholders will causes clients to suffer (guess he never heard of Apple, Google, CSL, Disney, and other listed firms).
Here is a recent counter-argument article by a patent lawyer formerly at Watermark (recently acquired by XIP) that explains why listing IP firms on the ASX may be a good idea. It outlines several important observations, from growth funding to dynamics of the fragmented industry: