OnMarket in the news

Ben Bucknell calls his new app a way of "democratising capital raising" – by providing individuals fast and easy access to more company floats and share placements. Malcolm Turnbull says he welcomes the trend of ever more power being given to customers ...

Two pioneering Australian fintech companies were off and running on Wednesday under the pleased eye of trumpeter of innovation and Prime Minister, Malcolm Turnbull. Sydney-based company OnMarket Book Build launched an online platform to allow retail ...

It’s the app that Malcolm launched. It was standing room only on the 26th floor of Bloomberg’s lavish Sydney CBD offices Wednesday morning as more than 100 members of the financial and start-up community gathered to watch the ‘innovation’ Prime ...

Ben Bucknell, chief executive officer at On-Market Bookbuilds, discusses his company's app that increases access to IPOs, how it works and the outlook for the sector. He speaks to Bloomberg's Rishaad Salamat on "Trending Business."

Today Prime Minister Malcolm Turnbull joined OnMarket BookBuilds CEO Ben Bucknell at the launch of the OnMarket direct bidding app, a free platform that allows you to buy IPOs and placements from your phone, tablet or desktop.

Malcolm Turnbull will this morning unveil a new process, claimed to be a world-first, whereby retail investors can get direct online access to new floats and share placements. It’s been devised by OnMarket BookBuilds, the disrupter which has so far raised more ...

When Malcolm Turnbull wrested the Australian prime ministership from Tony Abbott in September, he immediately pitched himself as a new breed of leader with a penchant for startups, although his track record as communications minister left some in doubt.

Ben Bucknell, chief executive officer at On-Market Bookbuilds, discusses his company's app that increases access to IPOs, how it works and the outlook for the sector. He speaks to Bloomberg's Rishaad Salamat on "Trending Business."

Creators of On Market's new mobile app is promising retail investors access to IPOs, previously only available to big institutions. The app boasts it will cut out the middlemen, meaning less work for brokers.

Fintech is beginning to disrupt the financial world as we know it. The financial industry is now more focused than ever on technological innovation than at any other time. OMB Founder Ben Bucknell told HuffPost Australia Fintech is all about technological ...

Alex Galin writes for the Australian Shareholders Association Equity magazine about how investors can empower and encourage new and emerging financial technologies. She writes: "Technologies are being built to make the financial markets fairer ...

Ben Bucknell writes for Fintech Business after returning from a two week trip to Fintech Week sponsored by UK Trade & Investment. Ben writes: "the UK government has just rolled out the red carpet for the world’s elite fintech community, sending a clear signal that London is the global centre of fintech excellence."

NAB is not afraid of a stoush: it has simultaneously thrown down the gauntlet to its rival commercial banks and also the big investment banks by being the first of the big four to offer ­clients direct access to ASX Bookbuild, via its online trading arm, nabtrade.

UK Trade & Investment (UKTI) Australia has announced the names of 10 successful Australian fintech companies who will take part in a delegation to London this September, to coincide with London Fintech Week.

OnMarket BookBuilds is the digital upstart of the Australian broking industry, and eager to attract big deals in 2015. The platform has notable supporters, but faces resistance from the investment banking establishment. The company operates a digital platform that plugs ...

ON-Market Bookbuilds, the fledgling technology company licensed to ASX Ltd whose system has been used to raise about $100 million in the last year, has found itself singled out for praise by a British report on how best to sell down government assets. 

So how do you protect non-participants? The simple answer is that you make a pro rata capital raising renounceable, with a bookbuild at the end. This means that the entitlements to forfeited new shares are sold off to the highest bidder in a competitive auction.

OnMarket BookBuilds has completed its first year in the Australian market with ASX BookBuild and is looking at international expansion. ASX BookBuild is integrated into the ASX to let brokers set prices based on demand from the entire market, rather than just their own clients.

ASX BookBuild is a pioneering new initiative that adds significant value to the online broking business. Until recently clients of online brokers were rarely able to participate in initial public offerings (IPOs) or other capital raisings.

The ASX BookBuild Facility was launched in October 2013. It allows companies seeking to raise capital to reach every eligible investor, using existing ASX securities market infrastructure. This is a world first both in terms of the technology deployed and the adoption by a market operator.

That is the question. And it’s one that many companies and investors are able to reconsider as a result of the launch of ASX BookBuild (ABB). The process breakdown of the tool used by brokers and investment banks can be found here.

Goldfields explorer MacPhersons Resources is looking to raise as much as $10.4 million to finance a bankable feasibility study and further drilling for its Nimbus silver-gold-zinc project.The company announced this morning Orion Mine Finance ...