Jeremy Chunn writes in this afternoon's edition of the AFR 'Asset': Welcome to the party for your sophisticated investors. Sometimes people have the most fun at the parties to which you are never invited. It always hurts afterwards to hear about the good time had by all. The parallel in the world of investing is discounted capital raisings, where a company may wish to issue new shares at a discount to its listed price. The terrible shame is that unless you are a client of one of the lead managers to the deal, you are not welcome to take part. Not any more.Via a broker, sophisticated investors now have access to the primary market for capital raisings traded through the Australian Securities Exchange using methodology licensed to On-Market BookBuilds, an intermediary based in Sydney. Read more: (VIEW LINK)
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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