OnMarket in the news

The App Making Australian IPOs More Inclusive

The App Making Australian IPOs More Inclusive

by Bloomberg Video 07 October 2015 @ 1:33PM

Ben Bucknell, chief executive officer at On-Market Bookbuilds, discusses his company's app that increases access to IPOs, how it works and the outlook for the sector. He speaks to Bloomberg's Rishaad Salamat on "Trending Business."

Malcolm Turnbull unveils new OnMarket bidding app targeted at investors

Malcolm Turnbull unveils new OnMarket bidding app targeted at investors

by Rebeccah Elley (Mozo) 07 October 2015 @ 1:23PM

Today Prime Minister Malcolm Turnbull joined OnMarket BookBuilds CEO Ben Bucknell at the launch of the OnMarket direct bidding app, a free platform that allows you to buy IPOs and placements from your phone, tablet or desktop.

OnMarket BookBuilds: Turnbull to unveil online float tech

OnMarket BookBuilds: Turnbull to unveil online float tech

by Andrew Main (The Australian) 07 Oct 2015

Malcolm Turnbull will this morning unveil a new process, claimed to be a world-first, whereby retail investors can get direct online access to new floats and share placements. It’s been devised by OnMarket BookBuilds, the disrupter which has so far raised more ...

Australia's PM: To support startups, we must become comfortable with failure

Australia's PM: To support startups, we must become comfortable with failure

by Ariel Bogle (Mashable) 07 Oct 2015

When Malcolm Turnbull wrested the Australian prime ministership from Tony Abbott in September, he immediately pitched himself as a new breed of leader with a penchant for startups, although his track record as communications minister left some in doubt.

Making Australian IPOs More Inclusive, With an App

Making Australian IPOs More Inclusive, With an App

by Rishaad Salamat (Bloomberg Video) 07 Oct 2015

Ben Bucknell, chief executive officer at On-Market Bookbuilds, discusses his company's app that increases access to IPOs, how it works and the outlook for the sector. He speaks to Bloomberg's Rishaad Salamat on "Trending Business."

Full interview with On Market's CEO Ben Bucknell

Full interview with On Market's CEO Ben Bucknell - Copy

by Ticky Fullerton (ABC) 07 Oct 2015

Creators of On Market's new mobile app is promising retail investors access to IPOs, previously only available to big institutions. The app boasts it will cut out the middlemen, meaning less work for brokers.

Why fintech is the most important industry right now

Why fintech is the most important industry right now

by Libby-Jane Charleston (Huffington Post) 01 Oct 2015

Fintech is beginning to disrupt the financial world as we know it. The financial industry is now more focused than ever on technological innovation than at any other time. OMB Founder Ben Bucknell told HuffPost Australia Fintech is all about technological ...

How you can change the market – one download at a time

How you can change the market – one download at a time

by Alex Galin (Australian Shareholders' Association) 01 Oct 2015

Alex Galin writes for the Australian Shareholders Association Equity magazine about how investors can empower and encourage new and emerging financial technologies. She writes: "Technologies are being built to make the financial markets fairer ...

Fintech lessons from London

Fintech lessons from London

by Ben Bucknell (Fintech Business) 28 Sep 2015

Ben Bucknell writes for Fintech Business after returning from a two week trip to Fintech Week sponsored by UK Trade & Investment. Ben writes: "the UK government has just rolled out the red carpet for the world’s elite fintech community, sending a clear signal that London is the global centre of fintech excellence."

ASX Bookbuild: NAB throws down the gauntlet

ASX Bookbuild: NAB throws down the gauntlet

by Andrew Main (The Australian) 16 Jul 2015

NAB is not afraid of a stoush: it has simultaneously thrown down the gauntlet to its rival commercial banks and also the big investment banks by being the first of the big four to offer ­clients direct access to ASX Bookbuild, via its online trading arm, nabtrade.

UKTI to send delegation of Australian fintech companies to London

UKTI to send delegation of Australian fintech companies to London

by UK Trade & Investment Australia 23 Jun 2015

UK Trade & Investment (UKTI) Australia has announced the names of 10 successful Australian fintech companies who will take part in a delegation to London this September, to coincide with London Fintech Week.

ASX BookBuild brings democracy to the Australian stockmarket

ASX BookBuild brings democracy to the Australian stockmarket

by Business First 22 Jan 2015
To be successful today in online broking it’s vital to deliver value and service. Enabling
participation in initial public offerings and other capital raisings is the ultimate for the demanding self-directed investor writes Andy Rogers, Head of CMC Markets Stockbroking.
OnMarket BookBuilds in battle to attract big deals

OnMarket BookBuilds in battle to attract big deals

by Sally Rose (AFR) 08 Jan 2015

OnMarket BookBuilds is the digital upstart of the Australian broking industry, and eager to attract big deals in 2015. The platform has notable supporters, but faces resistance from the investment banking establishment. The company operates a digital platform that plugs ...

Ringing endorsement for ASX start-up

Ringing endorsement for ASX start-up

by Andrew Main (The Australian) 02 Jan 2015

ON-Market Bookbuilds, the fledgling technology company licensed to ASX Ltd whose system has been used to raise about $100 million in the last year, has found itself singled out for praise by a British report on how best to sell down government assets. 

Gerry Harvey gets richer while small shareholders shrug

Gerry Harvey gets richer while small shareholders shrug

by Stephen Mayne (Crikey) 17 Dec 2014

So how do you protect non-participants? The simple answer is that you make a pro rata capital raising renounceable, with a bookbuild at the end. This means that the entitlements to forfeited new shares are sold off to the highest bidder in a competitive auction.

OnMarket BookBuilds looks offshore after first year putting reason back into raisings with ASX

OnMarket BookBuilds looks offshore after first year putting reason back into raisings with ASX

by Caitlin Fitzsimmons (BRW) 30 Oct 2014

OnMarket BookBuilds has completed its first year in the Australian market with ASX BookBuild and is looking at international expansion. ASX BookBuild is integrated into the ASX to let brokers set prices based on demand from the entire market, rather than just their own clients.

Democracy comes to the stockmarkets with ASX BookBuild

Democracy comes to the stockmarkets with ASX BookBuild

by Mike McCarthy (The Australian) 09 Sep 2014

ASX BookBuild is a pioneering new initiative that adds significant value to the online broking business. Until recently clients of online brokers were rarely able to participate in initial public offerings (IPOs) or other capital raisings.

Creating the ASX Bookbuild Facility: Principles, Hurdles, Successes and Implications for Policy

Creating the ASX Bookbuild Facility: Principles, Hurdles, Successes and Implications for Policy

by Ben Bucknell (Australian Centre for Financial Studies) 08 Sep 2014

The ASX BookBuild Facility was launched in October 2013. It allows companies seeking to raise capital to reach every eligible investor, using existing ASX securities market infrastructure. This is a world first both in terms of the technology deployed and the adoption by a market operator.

To use ASX BookBuild, or not to use ASX BookBuild...

To use ASX BookBuild, or not to use ASX BookBuild...

by Scott Shuttleworth (Roger Montgomery) 05 Aug 2014

That is the question. And it’s one that many companies and investors are able to reconsider as a result of the launch of ASX BookBuild (ABB). The process breakdown of the tool used by brokers and investment banks can be found here.

MacPhersons looks to raise $10.4m

MacPhersons looks to raise $10.4m

by Nick Sas (The West Australian) 28 Jul 2014

Goldfields explorer MacPhersons Resources is looking to raise as much as $10.4 million to finance a bankable feasibility study and further drilling for its Nimbus silver-gold-zinc project.The company announced this morning Orion Mine Finance ...

Don't let a rigged market stop you investing

Don't let a rigged market stop you investing

by John Addis (Sydney Morning Herald) 14 Jul 2014

Too frequently the interests of insiders like institutional shareholders, banks and boards prevail over those of ordinary retail investors. Elizabeth Warren, chair of the US Congressional Oversight Panel in the aftermath of the global financial crisis, said ...

Fairness needed in Medibank IPO

Fairness needed in Medibank IPO

by Tony Boyd (AFR) 11 Jul 2014

One of the least understood aspects of the Australia Japan free trade agreement signed this week is the profound change it will bring to foreign direct investment into Australia. The agreement lifts the screening threshold at which private Japanese investment in ...

Smartgroup suffers on market debut

Smartgroup suffers on market debut

by news.com.au 02 Jul 2014

Vehicle leasing and salary packaging company Smartgroup has made a lacklustre stock market debut. Shares in the company dropped nearly 10 per cent below their $1.60 issue price to close at $1.445 on Wednesday.

Retail investors get in on the book-build game

Retail investors get in on the book-build game

by Brendan Swift (AFR) 26 Jun 2014

Access to placements and floats has often been reserved for the favoured clients of large or full-service brokers - until now. The launch of ASX Bookbuild last year allows companies to raise capital from every eligible investor across the market while preserving the key role ...

Dimerix launches $9m IPO to fund kidney therapy trial

Dimerix launches $9m IPO to fund kidney therapy trial

by Sally Rose (AFR) 16 Jun 2014

Dimerix Bioscience, a junior Perth-based biotechnology company developing treatments for kidney disease, will become the third company to launch an initial public offer through the ASX On-Market BookBuild process on Monday in a bid to raise $9 million.