On Feb 24, 2021
Nuix into the ASX200 already? By Alex Druce
Analysts at financial firm Wilsons are tipping Nuix to join the ASX 200 in March, after the data analytics company surged in value since its stunning $1.7 billion December IPO.
Nuix - which has increased in value by 60 per cent since listing at $5.31 - is named by Wilsons as one of the most likely stocks to join the benchmark index when the quarterly rebalancing is announced on March 12.
Nuix shares were 1.2 per cent lower at $8.73 on Wednesday afternoon, but the firm is still worth about $1 billion more than it was three months ago.
Wilsons says joining the ASX 200 could see a 15-fold surge in Nuix trading volumes when the changes are implemented after the close of markets on March 19.
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