Looks like the HWL Ebsworth IPO has been pulled. They were last seeking an IPO at $2.30 (which would have been a multiple of 11x profit).
https://www.afr .com/street-talk/back-to-work-hwl-ebsworth-float-called-off-20201125-p56hrs
Lots of questions around how the firm was planning to keep their best (at billing clients) lawyers with a rewards structure that would see shareholders taking a chunk rather than the partners getting the full share / bonuses for the more junior lawyers.
Still makes me wonder how $AFL have structured their employee rewards to remain competitive with shareholders here getting what seems to be the majority of the profits?
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