Cboe Australia Seeks Firms Worth at Least A$30 Million for IPOs

Cboe Global Markets Inc.’s Australian unit is targeting firms with a market capitalization of at least A$30 million ($19.5 million) for initial public offerings once its corporate listings business is fully operational, according to its chief executive officer.

The exchange provider has seen interest from companies and investors after the Australian Securities and Investments Commission approved its application to list firms, said Cboe Australia CEO Emma Quinn on the sidelines of a FIX Trading Community conference in Sydney on Wednesday.

Australia’s alternative exchanges such as Cboe “play an important role within the landscape here,” Quinn said. Greater competition brings ...