Dropsuite Limited (ASX: DSE) is a disruptive Cloud based software platform that has helped over 100,000 small to medium-sized businesses globally, easily backup, recover and protect their digital assets. Dropsuite’s preferred reseller partners include GoDaddy, Ingram Micro and GMO Internet.
InPayTech (ASX: IP1) owns patented technology and software that supports superannuation and other payroll payments through its ClickSuper and Payment Adviser Services, both of which intend to capitalise on government initiatives such as the Reserve Bank’s New Payment Platform and Single Touch Payroll.
The Broo Limited IPO successfully closed on 3 October and listed on Friday 14 October 2016.
Since the launch of OnMarket BookBuilds, investors have had access to 29 IPOs and placements.
The average returns by days post-listing are
* Number of offers that qualify to be included in calculation. Figures as at 1 October 2016.
A disclosure document will be made available when the relevant securities are offered. If you wish to acquire the securities, you will need to complete the application form accompanying the disclosure document.
Currently, ASX rules require each IPO to have 300-400 shareholders. We believe that this is a major reason that retail investors get some access to IPOs. We think the proposed changes will mean that you receive fewer IPO offers.
In contrast, Hong Kong and Singapore rules require that 25-40% of all IPOs are reserved for retail investors.
If you support the idea of broader, fairer access to IPOs, then make sure your opinion is heard by ASX and ASIC by completing the form below.
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