ASX BookBuild offers a fair share

If you’re not angry about the state of capital raisings in Australia, you should be. Too few companies have been using the fairest method: the pro rata entitlement issue, also known as a ‘rights issue’.Rights issues aren’t always feasible, of course. When speed matters, most companies opt for an institutional placement. The company engages an investment bank, which then conducts a ring-around amongst its clients. Hey presto, hundreds of millions of dollars are raised before lunch.But the traditional institutional placement is coming in for criticism, and deservedly so. It’s conducted behind closed doors, with the investment bank effectively setting the...

If you’re not angry about the state of capital raisings in Australia, you should be. Too few companies have been using the fairest method: the pro rata entitlement issue, also known as a ‘rights issue’.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles