SYDNEY -- Delistings in Australia have outnumbered IPOs by over 30% in the past five years, dealing a blow to Canberra's efforts to create a vibrant technology sector with the help of the stock market.
Delistings outstrip IPOs as overseas players grab local businesses

Promising tech companies are being pulled from the ASX after being acquired. (AAP)
SYDNEY -- Delistings in Australia have outnumbered IPOs by over 30% in the past five years, dealing a blow to Canberra's efforts to create a vibrant technology sector with the help of the stock market.