Showing posts with label admission requirements. Show all posts
Showing posts with label admission requirements. Show all posts

Thursday, 3 November 2016

ASX strikes a balance for earlier stage IPOs

Following a lengthy consultation process, ASX yesterday released its Response to Consultation on updating its admission requirements and associated Guidance Notes for listing on the exchange.

The proposed changes (which were originally published on 12 May 2016), received a strong level of interest from a range of stakeholders including investors, listed companies, brokers and corporate advisory groups, with over 56 written submissions being provided to ASX.  This feedback, together with the feedback provided in a number of consultation meetings held by ASX, has shaped the final package of amendments.  The final position appears to have struck a balance which may assist early stage technology and innovation entities looking to list on the exchange.