Afterpay rival Openpay is trading down 20% in its ASX float following a $50 million initial public offering. The Melbourne company’s shares were trading at $1.36 at 1500 AEDT, down 15 per cent from the IPO price of $1.60, and had traded as low as 20 per cent down. “It’s obviously not great from the […]
Another company will start trading on the Australian Securities Exchange (ASX).
Supermarket giant facing a potential $100 million class action.
Israeli tech company planning to list on the ASX.
An intuitive and efficient electronic property settlements solution was announced yesterday by ASX Limited (ASX) and InfoTrack, which will support the national eConveyancing initiative. Sympli has recently applied to become an Electronic Lodgment Network Operator (ELNO) and is expected to begin operations later this year. ASX’s Managing Director and CEO, Dominic Stevens said ASX had […]
Startups contemplating an IPO must have all their ducks in a row and be willing to get their hands dirty, says Andrew Ward, founder and managing director of recently-listed fintech company SelfWealth. Launched in 2012, the online, cloud-based share trading platform offers investors flat fee brokerage, regardless of the trade size, as well as access […]
The recent trials and tribulations of Australian tech startups Big Un and Get Swift should serve as a timely cautionary tale for many aspiring businesses. Both have recently fallen foul of the ASX’s continuing disclosure requirements and face uncertain futures. While both have earned the ire of shareholders and the regulator for different reasons, their […]
Property Exchange Australia (PEXA), which has positioned itself as ‘the ASX for property settlements’, is facing a significant threat to its monopoly over the market from a potential new joint venture. PEXA is currently the only company in Australia licensed to settle property transactions electronically through its ELNO (Electronic Lodgement Network Operator) platform. However, it […]
The decision by the Australian Securities Exchange (ASX) to use distributed ledger technology for its settlement and clearing system for equities transactions has been welcomed by industry association FinTech Australia. Distributed ledger technology developed by Digital Asset will replace CHESS (Clearing House Electronic Subregister System), which ASX currently uses to record shareholdings and manage the […]
