31 October 17
It's an interesting time in the capital markets space at the moment.
Australia has seen a large initial coin offering raise $34m, with the big question being: Can the company now provide a return to those investors?
The US stock market continues to reach new highs with the latest rise being due to "forecast-beating results" of the major technology companies. On the Australian bourse some 39 companies are on the "upcoming floats and listings" page on the ASX. We note that we are discussing listings with a number of parties that aren't yet on the list, so there are more to come!
On the merger and acquisition front, we are waiting to see if the capital restrictions around China will affect investment in Australian assets.
We are also seeing increased activity around "crowd funding" with the new legislation coming into effect on September 29. We don't particularly like the new rules and continue to use the Class Order exemptions under the Act to raise capital for clients.
If you are an investor looking for high growth and pre-IPO opportunities or looking to raise capital, please contact us and we can help navigate and discuss the best options for you or your business.
In this newsletter I have included:
- An introduction to Enviro Sand and AqMB;
- The latest news from BioCube, Opmantek and CaroMel;
- An invitation for you to join us at the upcoming ACBC and Executive Elite events; and
- PwC's Nifty Grant's offer for a November discount on R&D claim write-ups
I also invite you to download our current deal list from our website (log-in required, membership is free).
Happy reading, and please get in touch if we can be of any assistance.