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AAP
AAP
National
Miklos Bolza

'Underperforming' Nuix stayed mum after $1.8b float

Nuix could have issued corrective notices on the ASX or gone into a trading halt, a court has heard. (James Gourley/AAP PHOTOS)

Nuix should have revealed a failure to hit financial targets that were pitched to investors who bought $1.8 billion in shares when the software company went public, a court has heard.

The Australian Securities and Investments Commission claims the company and its board were negligent, misled the market and engaged in deceptive conduct.

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