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Set for growth: Is 2019 the year for Australian tech on the ASX?

While public markets ebb and flow by their very nature, 2018 was a particularly grim year for publicly listed Aussie tech stocks. So, will 2019 be better?
Dominic Powell
Dominic Powell
tech ASX
Timelio co-founder Charlotte Petris. Source: supplied.

While public markets ebb and flow by their very nature, 2018 was a particularly grim year for publicly listed Aussie tech stocks.

Despite starting the year out strong, with local tech shares outperforming similar US tech indexes, things quickly started to slow, and the overall sector was marred by investigation and revelations on high-flying market darlings, including that logistics company GetSwift failed to report lost contracts to the market.

This was quickly followed by similar revelations about video marketing company Big Un, which was found to have been funnelling customers to receive loans from a small-business lender, who was also a significant shareholder in the company, leading to the company delisting an entering administration in August.

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