Improving access to IPOs for investors the goal of OnMarket BookBuilds

As the Australian Securities Exchange consults on narrowing retail investor access to floats, one business is pushing for a liberalisation of rules around mum-and-dad shareholder access to new listings on the bourse.

OnMarket BookBuilds is an aggregator retail investors can use to gain access to IPOs. It's often hard for everyday people to invest in new market listings as the lion's share of these floats generally go to institutional investors, at the expense of mums and dads. This platform aims to address this by giving retail investors more opportunity to participate in IPOs.