OnMarket in the news

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.

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 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.

Australian startup On-Market BookBuilds could be about to change the way companies around the world raise money and list for initial public offerings. The company’s patented product has been licensed to the ASX, which has used it to create ASX BookBuild ...

The Finance Minister should (partly) redeem himself for the Future of Financial Advice fiasco by sidestepping investment banks when he floats Medibank Private, writes Alan Kohler. The Federal Government will soon "unpause" its disembowelling of the Future of Financial ...

The gloom surrounding cash-starved junior explorers is pretty much justified on the basis that, as most of them have nothing on the boil, either from a managment or project point of view, they dont deserve the support of equity markets.

Submissions are now flying in thick and fast to the government’s financial system inquiry headed by David Murray. The Murray inquiry, a broad one-in-twenty year review, aims to ensure the financial system transfers money from savers to borrowers in a sane, equitable ...

The float of Medibank Private is going to raise more tricky questions about the pricing of shares in an IPO and whether certain investors should get priority access to them. As the mispriced float of Royal Mail in Britain indicates, selling an asset cheaply may delight investors ...

Offer opens to the public as former Integra Mining team gets back in the saddle. The impending ASX comeback of Chris Cairns and key members of the team behind WA gold miner Integra Mining grabbed national headlines this week with the much-anticipated launch ...

ASX BookBuild managing director Nick Motteram is bullish on the new facility's ECM pipeline despite a slow start, with Wednesday's float of copper hopeful Stavely Minerals to be the new system's second since launching in October.

The big time copper potential of otherwise flat wheat and canola country in western Victoria is about to be put to the test with the $6-8 million planned listing of Stavely Minerals. Flanked by the wine growing districts of the Grampians and the Pyrenees ...

The team that netted investors $426 million in junior gold producer Integra Mining via a sale to Silver Lake Resources last year is now trying to raise $8 million through the listing of junior copper explorer Stavely Minerals. A bookbuild for the initial public offering will ...

You’d think that ASX-listed companies and their boards would have gotten the message by now. Retail shareholders are sick and tired of investment banks and brokers taking large fees for institutional placements, diluting retail shareholders and favouring their institutional clients.

Investors are missing out on potentially discounted shares on offer during secondary capital raisings, according to Geoff Wilson, chairman of Wilson Asset Management. Wilson plans to raise the issue in a submission, which he intends to submit next month, to the so-called ...

There was a farewell party at the Australian Securities Exchange (ASX) on Friday night. The exchange’s popular head of government relations and Julia Gillard’s former chief of staff, Amanda Lampe, was leaving for a new opportunity at Cochlear.

The good times for initial public offerings may continue to roll. “Our visibility of the IPO pipeline in the second half of this financial year is strong,” Max Cunningham, general manager of listings and issuer services at the ASX, told DataRoom.

U$D Coal, a Chinese-owned Queensland coal explorer, has raised 40 per cent of its $125 million initial public offering through the ASX bookbuild process, the first ASX IPO to use the method for part of its fundraising.

The ASX BookBuild system is about to be tested with its first initial public offering. Chinese-owned Queensland coal explorer U&D Coal Ltd plans to raise between $50 million and $125 million in an IPO scheduled to open on Monday, December 16, U&D company secretary ...

Speculative junior explorer U&D Coal will launch its initial public offer on Monday with hopes of raising $125 million to fund the development of its first operating coal mine by 2015. U&D’s Chinese owners will float about 20 per cent of the business on the ASX through ...

Perth-based gas explorer Liquefied Natural Gas has announced a raising of around $15.5 million via the ASX Bookbuild system. It will be the first "vanilla'' equity raising after a previous dividend reinvestment plan stock selldown of similar size by Wilson Asset Management in mid October.

Ben Bucknell, the chief executive of On-Market BookBuilds Ltd, has his second deal. Foster Stockbroking Ltd is using the capital raising technology to sell up to $16.2 million worth of shares in Liquefied Natural Gas Ltd. The share sale is expected to be completed by midday on Tuesday.

Liquefied Natural Gas Ltd is seeking to raise $15 million in an institutional placement through the ASX BookBuild platform. The company went into a trading halt on Monday morning, as brokers started contacting potential investors.