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.
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 ...
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 ...
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.
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 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.
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.
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 ...
Video: Alan Kohler discusses ASX BookBuild with Ben Bucknell.
Video: SkyNews Business Host Bridie Barry interviews WAM Capital Chairman, Geoff Wilson.
Video: Switzer interviews Ben Bucknell on SkyNews Business
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 ...
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 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.
Audio: 2GB Radio's Ross Greenwood interviews Geoff Wilson of WAM Capital.
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 ...
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.
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.
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 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 ...
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.
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.
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 ...
Video: Bloomberg TV's Rishaad Salamat interviews Ben Bucknell on ASX BookBuild from Bloomberg Hong Kong.
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.