From today, Australia’s 200,000 high net worth investors and all fund managers will be able to participate directly in capital raisings, in a world‐first by the Australian Securities Exchange (ASX). Called ASX BookBuild, the new technology enables bids to be collected and managed from all prospective investors.
The Australian Securities Exchange (ASX) today announces a proposed new facility that will improve the pricing and allocation process for bookbuilds. ASX BookBuild is expected to be operational prior to the end of 2012, subject to regulatory approval.
The Australian Securities Exchange (ASX) today announced plans to launch a new, fair and efficient method of raising capital. The new system, to be called ASX BookBuild, will utilize a method patented by On-Market Bookbuilds (OMB).