ASSOB <http://www.assob.com/>is the standard mechanism for low-volume share issuance and limited secondary trading (hearsay is that they are considering expanding their platform to be multilingual-currency ... though without matching legislation is it moot). The ASX book-build is (if same as the doc I last reviewed) a way for larger institutions to do price discovery where existing shareholders get a (slight) discount and the various new shareholders put in bids until the volume and price clears. My understanding is that it is aimed at existing companies who wish to raise follow-on funds.
Just a general note, with the SOX legislation in the US, there is a tendency (hard to say if trend) to move away from pure public listing towards a more hybrid private-public model. Business Trusts in Singapore/HK, CapitalPoolCompanies in Canada and MLPs in US are just some of the alternatives being considered as listing vehicles to create liquidity without some of the more onerous reporting obligations. On Tuesday, 24 December 2013 04:43:41 UTC+13, Dean Collins wrote: > > Can anyone share more light on the new(?) ASX Book Build process? > > Just reading about this company raising $50m …..but only costing $25k in > expenses to the ASX to use their book build process - > http://www.businessspectator.com.au/news/2013/12/23/dataroom/chinese-firm-raises-part-125m-ipo-asx-system > > > > More details here - > http://www.asx.com.au/listings/issuer-services/raising-capital.htm > > > > Looks like it might be a great way for Australian tech startups to go > public without massive overheads and provide an exit from “Aussie VC Series > a death spiral hell” without needing to go offshore for series B via a > Delaware incorporation/US venture capital. ‘\ > > > > Any thoughts? > > > > > > > > Regards, > > > > Dean Collins > Cognation Inc > d...@cognation.net > <javascript:>+1-212-203-4357 New York > +61-2-9016-5642 (Sydney in-dial). > +44-20-3129-6001 (London in-dial). > > > > > -- -- You received this message because you are subscribed to the Silicon Beach Australia mailing list. Vist http://siliconbeachaustralia.org for more Forum rules 1) No lurkers! It is expected that you introduce yourself. 2) No jobs postings. You can use http://siliconbeachaustralia.org/jobs To post to this group, send email to silicon-beach-australia@googlegroups.com To unsubscribe from this group, send email to silicon-beach-australia+unsubscr...@googlegroups.com For more options, visit this group at http://groups.google.com/group/silicon-beach-australia?hl=en?hl=en --- You received this message because you are subscribed to the Google Groups "Silicon Beach Australia" group. To unsubscribe from this group and stop receiving emails from it, send an email to silicon-beach-australia+unsubscr...@googlegroups.com. For more options, visit https://groups.google.com/groups/opt_out.
