ASIC Introduces 2-Year Fast-Track IPO Trial to Boost Market Appeal
ASIC Introduces 2-Year Fast-Track IPO Trial to Boost Market Appeal
1
The Australian Securities and Investments Commission (ASIC) has responded to stakeholder feedback by initiating a two-year trial of a fast-track process for Initial Public Offerings (IPOs).
This initiative aims to address the decline in Australian IPOs and the number of public companies by making the IPO process more efficient.
The tailored fast-track approach emerged from discussions on the evolving dynamics of public and private markets. ASIC Chair, Joe Longo, emphasised the trial's design to enhance the speed of listings and maintain the vitality of the public market. Through this new process, ASIC will conduct an informal review of eligible offer documents two weeks prior to public filing, potentially shortening the IPO timeline by up to a week.
This innovation means that ASIC will communicate directly with issuers before the traditional public exposure period. Such engagement reduces the need for additional documents and helps mitigate the risk of market volatility impacting investor interest due to prolonged timelines. Notably, the trial includes a 'no action' stance, allowing eligible companies to start accepting retail investor applications during the exposure period, which simplifies the overall administrative process.
Joe Longo highlighted that crafting a streamlined IPO process reaffirms ASIC's commitment to keeping the public market appealing to both companies and investors. He noted that enhancing deal certainty is expected to foster more IPOs, presenting increased investment opportunities, promoting business growth, and boosting job creation.
Longo further acknowledged that current IPO activity is at its lowest in over a decade, while Australian secondary capital raising techniques are globally esteemed for their efficiency. Earlier this year, ASIC expressed concerns about the public market's future and sought actionable ideas to ensure its ongoing attractiveness and efficiency. Longo expressed satisfaction with the prompt industry collaboration and the proactive steps taken in response to these concerns.
Even with the expedited process, ASIC assured that the ability to raise concerns during the exposure period remains intact. Shares will only be issued and quoted after this period concludes. Longo reiterated that while regulatory adjustments are not a singular solution, they represent a key component of supporting a robust market environment. Additional regulatory considerations are underway to ensure a well-functioning sound market.
Published:Wednesday, 11th Jun 2025 Source: Paige Estritori
The escalating likelihood of the United States engaging militarily in the Israel-Iran conflict has raised alarm among investors, potentially leading to significant market volatility. This concern was highlighted by the global financial advisory firm, deVere Group, as tensions heighten in the Middle East. - read more
The recent US military attack on Iranian nuclear facilities has raised expectations of a significant oil price spike as global markets prepare to resume trading. Announced by former President Donald Trump, the attack marks an increased US involvement in the Middle East, which analysts believe could lead to heightened volatility across financial markets. - read more
US President Donald Trump is once again contemplating the dismissal of Federal Reserve Chair Jerome Powell, whom he has criticized for not lowering interest rates. Trump expressed his dissatisfaction with Powell's decisions in a Truth Social post, suggesting he might change his mind about firing him. Despite acknowledging that his strong criticisms make Powell's task challenging, Trump remains focused on his agenda for reduced rates, especially with Powell's term set to end in May 2026. - read more
The Australian Prudential Regulation Authority (APRA) has released pivotal updates to the Prudential Practice Guide APG 223 and Reporting Standard ARS 223.0, focusing on how Authorised Deposit-taking Institutions (ADIs) should integrate Higher Education Loan Program (HELP) debt into home loan evaluations. The changes are aimed at enhancing regulatory clarity and acknowledging the individual circumstances of borrowers, including the nuances of their HELP debts, without compromising prudent lending practices. - read more
In the face of ongoing economic turmoil encompassing inflation, market volatility, and other financial stresses, a global survey from Natixis Investment Managers, conducted by CoreData Research, has highlighted a growing trend: investors are increasingly relying on their financial advisers. With 91 per cent of surveyed investors expressing trust in their financial advisers for investment decisions, this highlights an unmistakable shift amidst financial uncertainty. - read more
Budgeting is an essential skill for anyone looking to take control of their personal finances. It serves as the foundation for achieving financial stability and reaching your monetary goals. Yet, managing a budget can seem daunting, especially if you're unsure where to start or how to maintain one. In this article, we'll guide you through crafting a monthly budget that truly works for you, ensuring you not only manage your money effectively but also stress less about financial uncertainties. - read more
Investing can initially seem daunting, but it’s essentially the act of allocating money with the expectation of generating an income or profit over time. It's important because investing offers the potential for your money to grow and outpace inflation, ensuring you have a secure financial future. - read more
Starting a family is one of life's most rewarding experiences, but it also comes with a unique set of financial challenges. For young families in Australia, where the cost of living can rise quickly, having a solid financial plan is crucial. Financial planning is not just about managing money; it's about creating a sense of security and peace of mind for your loved ones. - read more
Superannuation, commonly known as 'super,' is a crucial part of planning for a comfortable retirement. It serves as a long-term savings measure, gradually increasing in value to support you once you stop working. But what exactly is superannuation? - read more
Financial literacy is a critical skill for young adults, as it provides a strong foundation for achieving financial stability and independence. Unfortunately, personal finance education is not always a part of the high school curriculum, leaving many young people lacking the essential knowledge needed to manage their finances. Although some states have made progress by requiring personal finance or economics courses for high school graduation, there is still a significant gap in financial literacy among this age group. - read more
Need Help Finding a Loan?
Find out now if you qualify and
compare rates, offers and options from multiple lenders - without a credit check!
All finance quotes are provided free (via our secure server) and without
obligation. We respect your
privacy.
Knowledgebase
Mortgage Document: The physical contract agreement that a Mortgagee (lender) enters into with a Mortgagor (borrower) outlining the precice terms of a mortgage loan.
