In effect, early stage companies with a market value of under $20 million and less than $5 million in net tangible assets will be restricted from listing on the ASX under the proposed changes to the listing rules. The increase in the market capitalisation threshold is a jump of $10 million from the current cap, and the net tangible assets test would be raised by $2 million from its current $3 million threshold if the changes are implemented (1). And yet, isn’t there a push to position Australia as a “technological hub”? Why would the ASX want to make it more difficult for companies to float on the exchange? Isn’t the entire “technological revolution” proposed by our Prime Minister, Malcolm Turnbull, all about making technology more “accessible” to overseas investors and hence put Australia “on the map?”