ASX BookBuild - new capital raising service
ASX BookBuild is a new capital raising service being offered by ASX that will allow ASX listed companies to price and allocate new securities through an on-market, automated bookbuild mechanism.
ASX BookBuild utilises existing ASX systems and infrastructure. It is aimed at providing a bookbuild process that provides the opportunity for all eligible investors and ASX participants (brokers) to participate in the bookbuild.
ASX is committed to continuing to build the competitiveness of Australia’s financial markets. ASX BookBuild is one of a range of initiatives to promote new, more efficient capital raising mechanisms to better accommodate the capital raising needs of the diverse range of ASX listed companies. ASX BookBuild is not mandatory but is designed to provide companies with more choice and flexibility when raising capital.
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