The myth of bookbuilding..
OnMarket
The myth of bookbuilding... The Holy Grail for any company issuing new equity is to build a book of investors who understand the company, support the company, and will stick around for more than a week. Liquidity events like IPOs, after all, should not be opportunities to give away stock cheaply to traders looking to make a quick buck. Rather, they should be opportunities to allow genuinely interested investors to partake in a liquidity event and come away with a sizeable stake. The fear on the part of the company, of course, is that they are under-pricing the issue and that upon listing, investors who have been granted the cheap stock - at the expense of other interested parties who are scaled back or simply not allowed in at all because they aren't clients of the bookrunner - will run for the woods, taking their immediate profits with them. Continue reading: (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...
Expertise
No areas of expertise
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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