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 ...
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 ...
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.
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.
Audio: 2GB Radio's Ross Greenwood speaks to Ben Bucknell, CEO of OnMarket BookBuild.
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.
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 ...
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. In a bookbuild, the bookrunner, usually an investment bank, determines ...
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 ...
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.
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.
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.
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 ...
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 ...
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, 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.
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.
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, 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.
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.
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.
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.
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 ...
“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 ...