Creating the ASX Bookbuild Facility: Principles, Hurdles, Successes and Implications for Policy

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. The development of the facility marks the first time … Continue reading Creating the ASX Bookbuild Facility: Principles, Hurdles, Successes and Implications for Policy