Nine is the biggest local IPO this year
OnMarket
Nine is the biggest local IPO this year. The second largest was the $450 million of shares sold by online foreign exchange transaction business OzForex. That transaction exposed an undercurrent of anger in the market about the opaque mechanisms used to distribute stock in IPOs.Australia's small cap managers were upset by the handling of OzForex because they felt the stock was not given to its natural holders and that big cap managers who provide more brokerage commission were handed favourable treatment. OzForex was a stag's dream and judging from the turnover in the stock after listing, the stags had a field day... read more: (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.
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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