According to reports from abc.net.au, the Australian market has been led higher by the energy and mining sectors recently, after positive reports from China gave the impression that the demand for Australian resources may continue to go up.

The reports also show that there is one company that is soon to be on the market. The company, Kathmandu have recently announced their final price for its float. The price to be paid by institutional and Australian retail investors is $1.70 a share.

That figure is after the institutional bookbuild process. This now means that Kathmandu’s initial market capitalization is approximately $340 million. The current owners, Quadrant Private Equity and Goldman Sachs JBWere will sell 100% of their stakes.

More on this story here.