Australian IPOs have returned an average 25.9% for the nine months to September, according to the OnMarket 2017 third quarter report.
Financial Technology now available is breaking the stranglehold on access to the IPO market exerted by investment banking firms. Fintech, as it has come to be known, has disrupted traditional approaches to financial transactions ranging from basic banking to commercial loans.
The perception of 'innovation' as a job destroyer and a vote loser could be turned around by the newfound ability for Australia's 2 million private businesses to offer shares to ordinary investors, industry observers say.
FinTech Australia this morning announced the finalists for its first-ever industry awards. The winners for the 30 awards will be revealed at a gala ceremony in Sydney on May 24.
OnMarket members have a significant appetite for quality tech business with strong growth prospects, and UUV Aquabotix clearly met this expectation
The initial public offering market has made a strong start to the year with the number of companies listing on the ASX during the first quarter of calendar 2017 more than doubling the previous corresponding period.
IPOs returned an average of 18.3% in the March quarter, outperforming the ASX200 index by 14.8%, according to the OnMarket 2017 First Quarter IPO Report.
The lucrative world of capital-raising is no longer reserved for the mega-rich thanks to OnMarket, a Fin-tech app that promises to democratise IPOs (initial public offerings, or floats).
In this fast-paced digital world there’s already an app for everything—and investing is no exception. For people who are living paycheck to paycheck, or those who don’t want to grapple with the tedious task of creating a budget, these investment and money management apps are a godsend. Only one question remains: do they actually work?
Tech stocks that listed on the ASX in 2016 have comfortably outshone their counterparts from other sectors, with stronger returns for shareholders in their first year of public life.
Move over mining companies, the tech sector is ruling the IPO market. The top performing IPOs of 2016 in Australia by share price came mainly from the technology and healthcare sectors.
IPOs have proved to be a better bet than the local Australian equities market in general in 2016. The initial public offerings returned 35.8% for the 11 months to the end of November 30, according to analysis by OnMarket BookBuilds, an app which provides access to IPOs with the same terms as institutional investors.
New opportunities to reduce the cost of business borrowing could cut swathes of profit from the traditional banking industry
Who said you need millions of dollars of investible assets and a Financial Adviser to get access to some of Australia’s newest companies?
Smaller floats are bucking the trend as the window for large initial public offerings has all but closed for 2016. In what is shaping up to be the quietest year for floats since 2012, many companies at the smaller end of the scale are pushing ahead with their IPO plans.
Initial public offerings are finishing the year in barnstorming fashion, with a slew of listings scheduled despite the recent indifferent performance of several of the bigger floats.
Virgin Australia’s frequent-flyer business is giving retail investors the chance to earn Velocity points on the next big stock float through a new partnership with online bookbuilder OnMarket.
It is now obvious that reform of the ASX listing rules to make the initial public offering market fair to retail investors is in the hands of the Treasurer Scott Morrison.
The ASX has utterly failed to open up the IPO market to retail investors, despite thousands pleading with the company to introduce rules to allow wider access to IPOs.
In Australia, where a relatively small population in a vast geographic space has facilitated duopolies dominating markets, the arrival of new business models and challengers has been an important co-contributor to why the ASX20 has significantly underperformed the broader share market since late 2012.
The generation that has grown up with digital technologies has a preference for tech investments and trades investments from their smartphones rather than a PC or laptop. But when it comes to trading volumes, it's the baby boomers with their vast resources that are leading the investment pack.
Australian initial public offerings significantly outperformed the broader sharemarket in the third quarter, with the IT sector dominating both in terms of the number of floats and returns.
Australia has one of the highest levels of smartphone penetration in the world and there is an increasing array of very useful tools and apps freely available to help us manage all aspects of our financial lives.
With its 30th initial public offering (IPO) on the slipway, and the combined total of IPOs in which it has participated now above $800 million, digital investment banking platform On-Market BookBuilds continues to build on its retail investor-oriented niche in the Australian stockbroking industry’s primary market function.
H2Ocean Ltd, a company which invests in a diversified global portfolio of early and growth stage financial technology (fintech) companies, says it is delighted to be extending the reach of its Initial Public Offering (IPO) and offering shares to retail investors through fintech firm OnMarket.