ASX Bookbuild: NAB throws down the gauntlet
OnMarket
NAB is not afraid of a stoush: it has simultaneously thrown down the gauntlet to its rival commercial banks and also the big investment banks by being the first of the big four to offer clients direct access to ASX Bookbuild, via its online trading arm, nabtrade. The main benefit for retail investors is a more level playing field in getting access to IPOs and capital raisings. The ASX Bookbuild process has already got CMC, Open Markets and Bell Direct on board but nabtrade is the first of the bank-owned online trading platforms to sign up. The big prize for ASX Bookbuild will be if they sign up CommSec, used by the by CBA and Westpac, or else ANZ’s Etrade. ASX Bookbuild is not expecting to knock investment banks off their perch entirely any time soon but it’s a new player in what has at times been a lucrative area for the investment bankers. ASX Bookbuild has participated in nine capital raisings, most of them small but together they have raised $110m... via The Australian: (VIEW LINK)
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At OnMarket, we are all former capital markets professionals who thought there was a better way for companies to raise capital, so we provided the know-how behind the technology that powers the world's first exchange-hosted capital raising platform: ASX BookBuild. This platform gives companies control over pricing and allocations combined with the all-of-market reach of an exchange.
Then, in our quest to bring companies and investors closer together, we built OnMarket - the world's first free-access portal into capital raisings.
We are strong believers in the power of technology to transform capital markets and we believe that democratising access to capital raisings via technologies like ASX BookBuild and OnMarket is a giant leap in the right direction.
More information can be found at www.onmarketbookbuilds.com.
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OnMarket
At OnMarket, we are all former capital markets professionals who thought there was a better way for companies to raise capital, so we provided the know-how behind the technology that powers the world's first exchange-hosted capital raising...
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OnMarket
At OnMarket, we are all former capital markets professionals who thought there was a better way for companies to raise capital, so we provided the know-how behind the technology that powers the world's first exchange-hosted capital raising...
Expertise
No areas of expertise
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