AFS IPO target date now in 2013

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Dealer group Australian Financial Services Group (AFS) has restated its intention to list on the Australian Securities Exchange (ASX) but now with a target date in 2013.

AFS chief executive and managing director Peter Daly made the company’s intentions clear in a statement released today, but its IPO timetable appears to have lengthened in circumstances where the company was last year indicating it would be looking to proceed in December 2012.

Last year’s December 2012 target date was nominated following a meeting of 71 AFS principals.

Daly has forecast a busy year for the dealer group in 2010 involving product initiatives and training and development programs.

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