Martin Flood has mostly done very well out of new listings on the Australian sharemarket.
But if changes to the listing rules proposed by the Australian Securities Exchange (ASX) go through, Martin fears he may no longer be able to get access to small floats.
Despite warnings from market experts to be wary of IPO’s (Initial Public Offerings), many retail investors simply cannot resist the lure of getting in on the ground floor of something big. One factor making it easier for retail investors to throw caution to the wind is the outsized returns from some IPO’s.
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Australia's affection for tech IPO's has continued unabated.
More than a third of initial public offers on the ASX in the first half of 2016 have come from the information technology sector, according to investment technology firm OnMarket BookBuilds.
As the Australian Securities Exchange consults on narrowing retail investor access to floats, one business is pushing for a liberalisation of rules around mum-and-dad shareholder access to new listings on the bourse.
The Australian Securities Exchange (ASX) should reserve at least 25 per cent of every initial public offering (IPO) to retail investors, OnMarket BookBuilds believes.
If the ASX has its way in reducing the minimum number of investors needed for initial public offerings, this will cement the exclusion of ordinary investors from most IPOs.
Four-unit HSC maths followed by liberal arts study at Yale University in the United States, followed by a masters of business administration (MBA) at the University of Cambridge in Britain doesn't at first glance seem like a straightforward study path.
But it has worked for Alexandra Galin, a former North Sydney Girls' High School student.
The ASX is proposing to make some changes that could see retail investors locked out of some investing in more companies listing on the exchange in an IPO. The Australian Shareholders’ Association (ASA) is up in arms over it, as is online IPO site OnMarket BookBuilds, with both believing that the changes are negative for retail investors.
OnMarket BookBuilds, a stock market listings and placements platform, has launched a petition to oppose the proposed changes to the ASX admissions rules on the grounds that private investors, including self-managed superannuation fund trustees, will be shut out of capital raisings.
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The debutante companies that started trading on the Australian share market this year have by far outperformed their already-listed peers.
Whether the IPO is great or small, investors should do themselves a favour and check out the next float because they’re proving an (almost) sure-fire way of making money.
Despite concerns about the quality some of the offerings at the smaller end of the market, this year’s initial public offerings (IPOs) have sizzled in after-market trading with an average return of 25 per cent.
Online retailer Kogan is planning to list on the ASX, but it’s unlikely that retail investors will be able to participate – even if they want to.
Blockchain is the new buzzword. As enigmatic as it sounds, it is a reasonably simple concept: a blockchain is just another way to record transactions. It is a public database of all transactions made among all the parties participating in a particular network – in other words, a public ledger.
With share prices struggling and cash at the bank paying next-to-nothing, how are investors to get a decent return?
Initial public offerings on the ASX are getting bigger and small cap floats and private equity exits are the best performers, according to data compiled by OnMarket BookBuilds.
SMSFs are continuing to shy away from high-growth assets and preferring the safety of cash, often with negative consequences for their fund.
Fintech companies are moving in on traditional financial services providers as their products and services gain popularity, grabbing market share and talent while forcing down costs. And they aren't shy about predicting the demise of traditional banks.
Banks of the future will be technology companies with a banking licence, and traditional finance options may give way to more digitally advanced methods and platforms, say fintech specialists.
Following the Dick Smith debacle, many investors might be wondering whether they will be comprehensively done over if they buy shares in a float of a company by private equity.
In the first quarter of this year, IPO shares have had a strong performance in Australia, the ASX listed 13 companies on an average return of 1.3%, outperforming the broader market. In 2015 ASX listed 93 companies on average with up to 23% return, outperforming the benchmark by 3 percent points, expect a similar trend will continue into 2016
The Australian initial public offerings (IPOs) market is delivering a robust performance, with returns from companies listing on the Australian Securities Exchange (ASX) striking 1.3 per cent over the first quarter.
Fintech is a disrupting force and a decentralising movement in the financial services sector. Fintech's apply information technologies and modern internet protocols for data exchange, and deliver financial services using data storage, data analysis algorithms, or personal telecommunication devices. Digital ecosystems are fundamental to the success of both Fintech and traditional banks.