OnMarket in the news

A lesson in entrepreneurship

A lesson in entrepreneurship

by Vish Teckchandani (Finsia) 04 Nov 2013

Ben Bucknell is a corporate lawyer and investment banker-turned entrepreneur who's undergone a gruelling five-year journey which invloved, through his start-up business On-Market BookBuilds, bringing to life new technology that promises to revolutionise the way ...

Investment banks 'overpaid' for capital raisings

Investment banks 'overpaid' for capital raisings

by Andrew Cornell (AFR) 28 Oct 2013

In the immediate aftermath of the financial crisis, when banks were calling in loans, capital markets were expensive and volatile – if they were open at all – and desperate measures were called for if companies were to refinance and stay alive.

Bank fees on raisings soar, especially low-risk offers

Bank fees on raisings soar, especially low-risk offers

by The Australian 28 Oct 2013

INVESTMENT banks have dramatically increased the fees they charge for capital raisings in the post-global financial crisis market and take the highest fees for the least risky offerings, a landmark study has found.

Sophisticated investors enter the inner circle

Sophisticated investors enter the inner circle

by Jeremy Chunn (AFR) 23 Oct 2013

Sometimes people have the most fun at the parties to which you are never invited. It always hurts afterwards to hear about the good time had by all. The parallel in the world of investing is discounted capital raisings, where a company may wish to issue new shares at ...

Extended interview with Ben Bucknell

Extended interview with Ben Bucknell

by Alan Kohler (ABC) 20 Oct 2013

Video: Alan Kohler discusses ASX BookBuild with Ben Bucknell.

SkyNews interview with Geoff Wilson

SkyNews interview with Geoff Wilson

by Bridie Barry (Sky News Business) 16 Oct 2013

Video: SkyNews Business Host Bridie Barry interviews WAM Capital Chairman, Geoff Wilson.

SkyNews interview with Ben Bucknell

SkyNews interview with Ben Bucknell

by SkyNews Business 15 Oct 2013

Video: Switzer interviews Ben Bucknell on SkyNews Business

WAM Capital DRP shortfall placement oversubscribed by 67%

WAM Capital DRP shortfall placement oversubscribed by 67%

by WAM Capital Limited 15 Oct 2013

WAM Capital Limited (ASX: WAM) ('WAM Capital') announces it has successfully raised $24.7 million (13.8 million ordinary shares) through a placement to professional and sophisticated investors. WAM Capital Chairman Geoff Wilson said: "The Placement has been ... 

New share-selling scheme goes great for WAM Capital

New share-selling scheme goes great for WAM Capital

by Andrew Main (The Australian) 15 Oct 2013

FUND manager Geoff Wilson was a happy man last night as bids came in for Australia's first "On-Market Bookbuild", a test of the technology ASX Limited is offering to issuers looking to widen the shareholders spread of new offerings and keep costs down.

Bankers see red over BookBuild halt

Bankers see red over BookBuild halt

by Brett Cole (The Australian) 15 Oct 2013

BANKERS are, at times, a sensitive lot. A number of choice adjectives have been used to describe the ASX's decision to grant WAM Capital a two-day trading halt to allow it to sell just 8.3 million shares on the new ASX BookBuild facility.

2GB interview with Geoff Wilson

2GB interview with Geoff Wilson

by Ross Greenwood (2GB Radio) 15 Oct 2013

Audio: 2GB Radio's Ross Greenwood interviews Geoff Wilson of WAM Capital.

WAM raising 67pc oversubscribed 'On Market'

WAM raising 67pc oversubscribed 'On Market'

by Stephen Shore (AFR) 15 Oct 2013

WAM Capital has raised $24.7 million for its dividend reinvestment plan after its capital raising through the Australian Securities Exchange’s new On Market Bookbuilds facility was 67 per cent over subscribed. WAM Capital issued 13.8 million shares at $1.785 per share ...

WAM in trading halt to raise $15m

WAM in trading halt to raise $15m

by Stephen Shore (AFR) 15 Oct 2013

Wilson Asset Management and the Australian Securities Exchange on Monday defended their decision to put WAM Capital into a trading halt to raise $15 million as part of a dividend reinvestment plan.

ASX makes IPO process more transparent

ASX makes IPO process more transparent

by Mark Woodruff (The Motley Fool) 14 Oct 2013

With all the excitement surrounding many IPOs (initial public offerings), it’s easy to lose sight of the basic business principle at play. A company issuing shares is aiming to raise the maximum amount of money to reinvest and drive the business forward.

Rebel Geoff Wilson rings ASX bell on real-time raisings

Rebel Geoff Wilson rings ASX bell on real-time raisings

by Andrew Main (The Australian) 14 Oct 2013

MAVERICK investor Geoff Wilson will today be first to try the Australian Securities Exchange's new real-time system of capital raising, On-Market Bookbuilds, officially launched last week. Wilson's WAM Capital licensed investment company will seek to place about ...

WAM Capital lauds ASX bookbuild service

WAM Capital lauds ASX bookbuild service

by Ruth Liew and Anthony Macdonald (AFR) 14 Oct 2013

WAM Capital chairman Geoff Wilson has declared the Australian Securities Exchange’s new bookbuild service an “incredibly efficient" way to raise capital, as the group becomes the first company to use the facility. WAM Capital, which is seeking to raise about $15 million ...

WAM Capital bookbuild poses questions for ASX

WAM Capital bookbuild poses questions for ASX

by AFR Street Talk 14 Oct 2013

Equity capital markets bankers and stockbrokers will keep a close eye on WAM Capital’s on-market bookbuild scheduled for Monday, which is seeking to raise about $15 million to fund a dividend redistribution plan.

Capital raising choices: ASX BookBuild raises interest

Capital raising choices: ASX BookBuild raises interest

by The Pick Magazine 11 Oct 2013

Issuing new shares needn't be a headache. If cost, and accessing more potential investors are important, then ASX BookBuild, a new platform for raising capital, deserves your attention.So you are a resources company that needs to raise capital.

2GB interview with Ben Bucknell

2GB interview with Ben Bucknell

by Ross Greenwood (2GB Radio) 08 Oct 2013

Audio: 2GB Radio's Ross Greenwood speaks to Ben Bucknell, CEO of OnMarket BookBuild.

ASX book-build service an 'evolution'

ASX book-build service an 'evolution'

by George Liondis (AFR) 08 Oct 2013

Ben Bucknell describes it as a natural evolution for the sharemarket, but for some investors, it may be more of a revolution. From Tuesday, equity investors will be able to participate in capital raisings and initial public offerings through the Australian Securities Exchange in ...

ASX BookBuild launched

ASX BookBuild launched

by MyResources 08 Oct 2013

The Australian Securities Exchange (ASX) has launched a new bookbuilding facility which it says will broaden the number and range of investors who can participate in this process to set the price of new shares. In a bookbuild, the bookrunner, usually an investment bank, determines ...

Bloomberg TV interview with Ben Bucknell

Bloomberg TV interview with Ben Bucknell

by Rishaad Salamat (Bloomberg TV) 08 Oct 2013

Video: Bloomberg TV's Rishaad Salamat interviews Ben Bucknell on ASX BookBuild from Bloomberg Hong Kong.

ASX BookBuild ready to launch

ASX BookBuild ready to launch

by AAP (Business Spectator) 08 Oct 2013

The Australian Securities Exchange (ASX) has launched a new bookbuilding facility which it says will broaden the number and range of investors who can participate in this process to set the price of new shares.

Capital raising facility an aid in tight market

Capital raising facility an aid in tight market

by Danielle Hanrahan (Mining Chronicle) 01 Oct 2013

A new facility to raise capital will be launched this month, giving mining companies a helping hand in tapping all-of-market demand and encouraging investors to become more engaged with the capital raising process.

A fairer deal on capital raisings

A fairer deal on capital raisings

by Equity Magazine (ASA) 01 Oct 2013

The Australian Shareholders’ Association has long argued for fairer treatment of retail investors in capital raisings and welcomes the launch of the new ASX Bookbuild Facility on October 8. This will deliver more transparency on the pricing and allocation process for new shares ...