The Techformation of the ASX ..


The Techformation of the ASX ... As investors look to diversify from struggling resources stocks, the technology sector is increasingly becoming a preferred destination for Australian capital. Investors, spooked by tumbling commodities prices (coal and iron ore in particular), have greeted opportunities to invest in the growing technology economy with open arms. FROM HERO TO XERO The number of mining companies choosing to IPO on ASX has fallen dramatically from its heydays in the 2000's. In 2010, mining companies raised $1.1bn from 66 IPOs (accounting for 70% of all listings that year). Only four miners have successfully listed this year and raised $26m among them. The sector was not all bad news: copper explorer and ASX BookBuild pioneer Stavely Minerals (ASX:SVY) peaked at 69c end of July and is currently up 165% since listing. The stellar track record of management, and the large number of broking houses participating in their fixed-price IPO likely yielded a wider than usual following for a junior miner. See more at: (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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