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  • nment, he said.The environment for IPOs in Australia has been particularly bad for several years, especially for retailers such as David Jones and the disastrous private equity-backed $2 billion listing of retailer Myer in 2009.There have been 78 IPOs this financial year.Virtus' public listing also involved a private equity major investor, Quadrant, selling down its entire 46.5 per cent stake, to
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