Edition: June 2020
ASX markets flare on secondary capital raisings
As Australia has taken measures to stabilise its economy, COVID-19 has subdued global IPO activity, and ASX has been no exception. However, from March to May 2020, more than 200 listed companies have accessed ASX’s market to raise over $20 billion in secondary capital. This success has been underpinned by Australia’s highly active capital market, a robust but flexible regulatory regime, and the ability to mobilise capital quickly.
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Get to know ASX's new public company - Atomo Diagnostics
Atomo Diagnostics Limited (ASX: AT1) made its debut on the Australian Securities Exchange (ASX) on 16 April 2020, following an oversubscribed initial public offering (IPO) of $30 million at a price of $0.20 per share. John Kelly, co-founder and Managing Director discusses Atomo's unique IPO journey.
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IPO preparation amidst market volatility
Gavan Carroll, Executive Director, Corporate Finance at Ord Minnett, discusses how IPO markets are adjusting to erratic conditions and why companies can use this period to prime their business to be IPO-ready when the window re-opens.
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The S&P/ASX All Technology Index and the Australian technology sector
The S&P/ASX All Technology Index (XTX) was launched in February 2020 to provide a comprehensive benchmark of ASX-listed technology companies and to facilitate investment in the fast-growing sector. Cameron Gleeson, Senior Investment Specialist, BetaShares provides insights on the XTX, following the latest quarterly re-balance.
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