OnMarket in the news

Australian startup looks to change the way companies list for IPOs

Australian startup looks to change the way companies list for IPOs

by Kye White (Startup Smart) 23 May 2014

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 ...

Make amends for FOFA with the Medibank float

Make amends for FOFA with the Medibank float

by Alan Kohler (ABC) 22 May 2014

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 ...

At least make the Medibank float fair

At least make the Medibank float fair

by Alan Kohler (Business Spectator) 21 May 2014
The federal government will soon ‘unpause’ its disembowelling of the Future of Financial Advice legislation, and the word from the industry is that there will be virtually no change. It looks like the hopes of the Financial Planning Association and consumer groups that ...
G scores big win from thinking small

G scores big win from thinking small

by Barry Fitzgerald (The Australian) 08 May 2014

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.

Retail Investors Draw the Short Straw

Retail Investors Draw the Short Straw

by Matt Ryan (Forager Funds) 01 Apr 2014

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 ...

Rumblings over the fairness of capital raising

Rumblings over the fairness of capital raising

by Jennifer Hewett (AFR) 01 Apr 2014

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 ...

Chris Cairns' comeback grabs media spotlight as $6m copper-gold IPO goes live

Chris Cairns' comeback grabs media spotlight as $6m copper-gold IPO goes live

by Resources Rising Stars 28 Mar 2014

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 eyes string of IPOs, raisings

ASX BookBuild eyes string of IPOs, raisings

by Amanda Saunders (The Australian) 25 Mar 2014

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.

Stavely's $8m copper gamble

Stavely's $8m copper gamble

by Barry Fitzgeral (The Australian) 25 Mar 2014

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 ...

Integra team moves to IPO copper miner Stavely (AFR)

Integra team moves to IPO copper miner Stavely

by Sally Rose (AFR) 24 Mar 2014

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 ...

Retail shareholders still treated unfairly

Retail shareholders still treated unfairly

by Mike King (The Motley Fool) 14 Mar 2014

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 blocked from buying cheap shares

Investors blocked from buying cheap shares

by Matt Smith (AFR) 05 Mar 2014

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 ...

ASX on the hunt for revenue

ASX on the hunt for revenue

by Michael Smith (AFR) 03 Mar 2014

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.

ASX sees strong IPO pipeline

ASX sees strong IPO pipeline

by Brett Cole (Business Spectator) 21 Jan 2014

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.

First ASX raising nets $50m

First ASX raising nets $50m

by Brett Cole (Business Spectator) 24 Dec 2013

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.

U&D Coal IPO floats 20 per cent of company

U&D Coal IPO floats 20 per cent of company

by Sally Rose (AFR) 16 Dec 2013

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 ...

ASX BookBuild to launch its first IPO

ASX BookBuild to launch its first IPO

by Brett Cole (Business Spectator) 16 Dec 2013

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 ...

Perth's LNG to raise $15.5bn via ASX Bookbuild

Perth's LNG to raise $15.5bn via ASX Bookbuild

by Andrew Main (The Australian) 09 Dec 2013

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.

LNG turns to ASX BookBuild for $15m raising

LNG turns to ASX BookBuild for $15m raising

by AFR Street Talk (AFR) 09 Dec 2013

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.

ASX on-market book build has second deal

ASX on-market book build has second deal

by Brett Cole (Business Spectator) 09 Dec 2013

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.

Priced to imperfection: vendors could be big losers in conventional raisings

Priced to imperfection: vendors could be big losers in conventional raisings

by Andrew Main (The Australian) 05 Dec 2013

While Australia's sharemarket investors have enjoyed a strong run with IPOs in the past six months, there's a belief in one quarter at least that the conventional way of raising equity in the sharemarkets is shortchanging vendors in a big way.

Priced to imperfection: vendors could be big losers in conventional raisings

Priced to imperfection: vendors could be big losers in conventional raisings

by Andrew Main (The Australian) 05 Dec 2013

While more than $1.77 billion has been raised in initial public offerings since the recent wave started with health provider Virtus in June, there has been a gross $329 million left on the table in terms of profit forgone by vendors selling too cheap.

New capital raising platform

New capital raising platform

by Tony Featherstone (InFinance) 03 Dec 2013

ASX BookBuild provides a more level playing firld for investors to participate in equity capital raisings, and opportunities for retail stockbrokers to grow their business. With a sluggish economy and volatile markets, many stockbroking firms have been struggling ...

Ansell snubs retail investors

Ansell snubs retail investors

by Mike King (The Motley Fool) 28 Nov 2013

Another Australian company has shown retail investors what it really thinks of them, with glovemaker Ansell (ASX: ANN) raising $338 million from institutional shareholders. While the company has also announced a Share Purchase Plan (SPP) of $100 million for ...

Getting a better deal on IPOs

Getting a better deal on IPOs

by Christine St Anne (Morningstar) 28 Nov 2013

There is a strong pipeline of initial public offerings (IPOs) for the Australian share market. Twenty-nine IPOs have already been announced for December with more slated for the new year. In the old days, only a select group of investors would have access to these IPOs.