OnMarket in the news

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 ...

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 ...

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.

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 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.

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 ...

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 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 ...

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 ...

ASX BookBuild offers a fair share

ASX BookBuild offers a fair share

by Intelligent Investor 01 Oct 2013

A new method for raising capital launches on 8 October. If your directors don't use it for their next raising, ask them why. If you’re not angry about the state of capital raisings in Australia, you should be.

A pint with Ben Bucknell

A pint with Ben Bucknell

by Anthony Barich (Resource Stocks Magazine) 01 Oct 2013

Since before he could remember, ASX On-Market BookBuilds founding CEO Ben Bucknell's father bought him BHP stocks for his birthday, so he imbibed his passion for the stock market from his first mentor.

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.

Political risk at the heart of Meridian Energy float

Political risk at the heart of Meridian Energy float

by Brian Gaynor (NZ Herald) 28 Sep 2013

Nothing wrong with Govt trying to maximise sale proceeds but this can hurt investor returns once firms list. Meridian Energy's IPO is all about political risk. Political risk has increased because our politicians keep changing tack, as highlighted by the Labour/Greens proposal ...

ASX BookBuild

ASX BookBuild

by Alan Kohler (Eureka Report) 21 Sep 2013

This morning's big fall by the Dow seems to be simply a reaction to the perceived uncertainty about what the darn Fed is up to. Ben Bernanke shocked the market this week and now the poor dears are all confused, but as I will argue below there should be no confusion about ...

Fee structure of ASX BookBuild is revisited

Fee structure of ASX BookBuild is revisited

by Brett Cole (The Australian) 19 Sep 2013

ASX BookBuild launches on October 8 and it continues to generate consternation and controversy, proving there's nothing like the issue of fees to get bankers hot under the collar. Ben Bucknell, chief executive of On-Market BookBuilds and the proud father of ...

ASX BookBuild bad news for bankers

ASX BookBuild bad news for bankers

by Brett Cole (The Australian) 18 Sep 2013

ASX BookBuild, a new software system that promises investors transparent pricing on initial public offerings, secondary share sales and block trades, is worrying bankers who fear their fees and leverage over such transactions may diminish.

Bookbuild tool close to launch

Bookbuild tool close to launch

by Kristie Batter (MiningNews.net) 18 Sep 2013

A NEW tool that will increase the efficiency, transparency and fairness of capital raisings has been welcomed by the mining industry in the tight capital markets. The Australian Securities Exchange first announced the proposed new facility, ASX Bookbuild, a year ago.

Tool improves pricing disclosure of new issues

Tool improves pricing disclosure of new issues

by Australian Institute of Company Directors 18 Sep 2013

A new capital raising tool, which is expected to give boards greater confidence that the pricing of new issues is appropriate, goes live on 8 October 2013. This ASX BookBuild facility will be offered by brokers and investment banks to companies listed on the ...

ASX bookbuild plan raises hackles

ASX bookbuild plan raises hackles

by Brett Cole (Business Spectator) 18 Sep 2013

ASX BookBuild, a new software system that promises investors transparent pricing on initial public offerings, secondary share sales and block trades, is worrying bankers concerned their fees and leverage over such transactions may diminish.

ASX BookBuild a transparently fairer system of sharemarket capital raisings

ASX BookBuild a transparently fairer system of sharemarket capital raisings

by David Manchee (The Australian) 17 Sep 2013

SOPHISTICATED investors and small fund managers will be particular beneficiaries of the Australian Securities Exchange BookBuild capital raising system, which goes live on October 8 and will be available to all listed companies seeking to raise capital thereafter.

ASX BookBuild Facility

ASX BookBuild Facility

by John Murray (BRR Media Roundtable) 13 Sep 2013

Video: Host John Murray talks ASX BookBuild with Ben Bucknell (CEO On-Market BookBuilds), Rudi Filapek-Vandyck (Founder of FN Arena and Journalist) & David Manchee (Director at Belvedere Share Managers) at a BRR Media Roundtable Discussion. 

ASX opens book on capital raisings

ASX opens book on capital raisings

by Malcolm Maiden (Sydney Morning Herald) 11 Sep 2013

What used to be called underwriting is called equity capital markets inside the big investment banks these days. By either name it has been a river of gold, however - and the ASX will dip its oar in on October 8, when its new platform, ASX BookBuild, finally goes live.

ASX to launch bookbuild facility

ASX to launch bookbuild facility

by Andrew Main (The Australian) 11 Sep 2013

THE Australian Securities Exchange will go live with its plan to conduct bookbuilds on the market on October 8. The system, called ASX BookBuild, was developed by Ben Bucknell, a former broker with Macquarie Group who heads a company called On-Market BookBuilds that ...

Capital raising assistance for mineral mining and exploration companies

Capital raising assistance for mineral mining and exploration companies

by Association of Mining & Exploration Companies 10 Sep 2013

“At the moment equity finance for the mineral exploration sector is extraordinarily tight,” Association of Mining and Exploration Companies (AMEC) Chief Executive Simon Bennison said. On-Market Bookbuilds has developed a new capital raising tool in partnership with the ...