Listing on ASX
ASX can provide your company or trust with invaluable access to retail and institutional investors and exposure throughout the world. By listing with ASX, you will enter a new phase in your organisation's development where you will become part of a select group of organisations on the global capital stage. Listing on ASX has helped thousands of companies achieve their growth ambitions and successfully make the transition to public ownership or by raising debt through the public market.
Eddie Grieve explains some of the benefits an ASX listing provides to private companies seeking to grow their business with a new source of capital provided by the public equity market.
Why do organisations list
It is the process of taking a privately-owned organisation and making the transition to a publicly-owned entity whose shares can be traded on a stock exchange.
The world's stock exchanges have been listing companies, trusts and other products for hundreds of years, so the benefits of listing are well known to the market. Amongst the key benefits ASX can offer its listed companies is access to international institutional investors via its series of road shows, operated in conjunction with the major investment banks and their clients in the US, UK and Asia.
You need to examine a wide range of factors in order to gauge if your organisation is ready to list.
How do organisations list
The timetable for listing depends on the complexity and scale of the transaction, how quickly the listing can be prepared and how quickly funds are received from investors. The amount of time taken to list can range from three months to two years, with six months being typical.
The road to an initial public offering (IPO) usually involves the following steps:
Step 1: Appoint advisers
Step 2: Talk to ASX
Step 3: Prepare and lodge prospectus
Step 4: Apply to list
International listings on ASX
ASX's unique position as a developed market in the Asia-Pacific region and time-zone offers international companies exposure to the growing pool of investment capital in the world's fastest growing region, as well as providing the opportunity for global trading and price discovery on a round-the-clock basis.
An ASX Foreign Exempt Listing caters for large international companies already listed on another recognised stock exchange. The ASX Listing Rules minimise the regulatory burden on these companies by relying on their continuing compliance with the regulatory requirements of their home market and provision to ASX of all public information provided to their home market. Foreign companies that do not meet the minimum size and profitability requirements for this category are invited to apply for listing under the ASX Listing category.
Listing fee calculator
The ASX equity listing fee calculator is designed to provide you with a guide to ASX's Equity Listing Fees that apply as of 1 May 2012.
Answers to some of the most frequently asked questions about listing.
Please click here to view the number of companies and securities listed on the ASX.
On the list
QR National Limited
Peter Hiom (Deputy CEO of ASX) and John Prescott AC (Chairman of QR National) displaying the listing certificate
Lance Hockridge (MD and CEO) speaking at the listing ceremony
If you would like more information about listing on ASX please email.