A defining feature of the post-COVID bull market for ASX stocks has been the level of fund-raising activity in equity capital markets.
The combination of COVID-19 with temporary regulations allowing super-sized placements resulted in ASX-listed companies issuing more than $65 billion via placements and the largest 300 companies issuing $4.9 billion via Share Purchase Plans (SPPs) in the 12 months to 31 March 2021.
Last week’s 2019 IPO Report from equity-raising platform OnMarket provided some more useful insights into the key factors driving activity in Australia’s IPO market. The data showed that by year-end, 63 companies had joined the ASX, raising a total of $5.4bn, posting an average post-IPO return of 35.2 per cent.
Holding onto initial public offerings shares for longer was not a winning strategy in 2018, as a study found IPOs increased by 8 per cent on average one month after listing, as opposed to 0.3 of a percentage point after three months on the ASX.
At the top end of town it was a dismal year for the IPO market, but investors in the junior companies which made their public debut saw some positive returns, at least at the start.
With the world’s fiat currencies under increasing pressure and cryptocurrencies yet to achieve stability, digital gold is proving an attractive alternative.
Punters are backing the growth of a "peer-to-peer digital money platform that is hyper-liquid, universally accessible, and based on one of the world's best-known and most reliable stores of wealth".
Typically initial public offerings by mature, less risky companies are taken up by institutions and friends of the investment bank advising on the deal, says Australian Shareholders Association boss Judith Fox.
The winners of the 2018 Finnies, the second year of awards for the fintech sector, were announced at a gala event in Sydney on Wednesday. The winners of the awards, established by industry group FinTech Australia, were chosen from 89 finalists picked from a record 223 entries, a 40% increase on 2017.
Australia’s equity crowdfunding market is off and running as of the beginning of this year, and offer investors the opportunity to invest directly into private companies.
I’ve always dreamt of being a venture capitalist — you know, those rich people who spread their millions to help early-stage businesses become successful. Also known as angel investors, they can then enjoy mega-profits from being involved from the start. Imagine being one of the first few investors in Google, Facebook, Amazon, Apple or Microsoft. Ka-ching!
An Australian solar energy retailing startup has completed the world’s most popular equity crowdfunding offer, attracting 17,500 investors who together contributed to a $2.5 million raise.
Platform OnMarket has completed for DC Power Co the world’s biggest equity crowdfunding by number of investors.
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.
HIGH-return and high-risk, equity crowd-funding platforms have now been licensed by the corporate regulator and are seeking investors to put their money into innovative start-ups.
A surge in small-cap listings powered IPOs in Australia to a 61.6% average return in 2017, according to the annual OnMarket Report.
Australia’s fintech industry has called for the fast adoption of stalled private company equity crowdfunding legislation to help more Australian small-to-medium sized businesses access the funds they need to grow.
Start-ups and small businesses finally have the ability to raise money from the general public in exchange for a stake in the company after the regulator approved the first batch of equity crowdfunding platforms.
Investors seeking to own a slice of start-up small businesses will soon be able to dive in.
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