OnMarket in the news

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 ...

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 ...

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.

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.

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.

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.

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 ...

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.

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.

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.

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.

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 ...

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

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.

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.

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 ... 

Video: Switzer interviews Ben Bucknell on SkyNews Business