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?
Looks like the HWL Ebsworth IPO has been pulled. They were last...
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