In 2018 the average IPO was 11% higher at the close of the first day than the issue price. The 95 IPOs that listed in 2018 were up, on average, 8% one month after their respective listing dates.
Melbourne based firm The Cup eXchange Ltd (TCX), has developed a sustainable technology-enabled coffee cup subscription service and has already secured over $340,000 in funding after only 3 days of their equity crowdfunding campaign launching, which represents 69% of their minimum funding target.
Digital investing platform OnMarket BookBuilds has recently completed their 100th transaction. OnMarket launched its B2C platform in October 2015, approximately 1,000 days ago. OnMarket, which is now approaching 50,000 members, provides retail investors with access to over one third of all IPOs on the ASX.
SendGold, a Sydney based fintech company with an asset-based peer-to-peer digital money platform, has launched an equity crowdfunding campaign to raise $2 million. SendGold is hyper-liquid, hyper-accessible, and based on physical gold, one of history’s most reliable assets.