Floaters

I was reading in the AFR today about the top 10 IPO's in Australia. They published a table from DEALOGIC that listed them in order (in US dollars)

1. Telstra - 9997 million
2. QR National - 3997 million
3. Westfield Retail Holdings - 2038 million
4. Myer Holdings - 1862 million
5. Boart Longyear - 1857 million
6. Goodman Fielder - 1594 million
7. AMP - 1465 million
8. Optus - 1273 million
9. Promina - 1210 million
10. Spark Infrastructure - 1197 million

Problem is is that IPO's all occurred on different years making it difficult to compare unless you use real terms rather than nominal. So as an exercise, I put them all into 2012 dollars. Now we have the best sellers list of

1. Telstra - 17690 million
2. AMP - 2590 million
3. Optus - 1395 million
4. QR National - 1306 million
5. Boart Longyear - 1054 million
6. Myer - 718 million
7. Westfield Retail 666 million
8. Promina - 529 million
9. Goodman Fielder - 472 million
10. Spark Infrastructure - 354 million

Of course this is still US dollars. Be nice to put them in Australian dollars on day. But just goes to show how big those AMP and Optus IPO's were.