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ARTICLE · 19 NOVEMBER 2013

ASXBookBuild - enhancing capital raising techniques

ASX BookBuild seeks to enhance current capital raising techniques and the integrity of the secondary market by:.

AustraliaFinance and Banking
Sam Bassingthwaighte (Formerly With ClarkeKann Lawyers)
Sam Bassingthwaighte (Formerly With ClarkeKann Lawyers)
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What is ASX BookBuild?

ASX BookBuild seeks to enhance current capital raising techniques and the integrity of the secondary market by:

  • giving all ASX brokers access to ASX BookBuild via existing ASX infrastructure;
  • having a bookbuild price that is live and visible to the whole market;
  • determining allocation of stock by a prescribed set of rules; and
  • facilitating strategic institutional stakes without compromising price.

ASX Bookbuild can be used by ASX listed companies for placements, IPOs and renounceable rights offers of financial products while also allowing retail investors to engage in capital raisings and IPOs through their broker in much the same way as trading shares.

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