Solar energy retailer DC Power Co. has crowdfunded close to $2.5mil from over 15,000 investors. DC Power Co. is “Australia’s first solar-focused energy retailer” which offers to optimise household solar systems to use less energy and earn more money.
Equity crowdfunding platform OnMarket has successfully closed Australia’s first equity crowdfunding offer. Revvies Energy Strips Limited (Revvies) has become the first company in Australia to raise capital by utilising the government’s new equity crowdfunding legislation.
MEDIA RELEASE: Continued surge in small-cap listings powers IPOs to an impressive 61.6% average return in 2017: OnMarket Report
Smaller IPOs on average up 69.8%, outperforming large IPOs.
OnMarket will be one of the first businesses in Australia to raise capital this year through ‘the crowd’, following the Australian Securities and Investments Commission’s approval of its equity crowdfunding licence, announced today.
Total Return includes returns from options, open + closed positions, at 1/11/2017
AUSTRALIANS will soon be able to invest as little as $50 into early stage companies, as part of sweeping Federal Government reforms that will allow entrepreneurs and social activists to grow their own businesses from the ground up.
Initial public offerings (IPOs) of materials companies set an impressive pace in the first quarter of 2017, with 10 companies listing on the Australian Securities Exchange (ASX) from a total 26 floats, up from two in the same period last year, according to the OnMarket 2017 First Quarter IPO Report.