Reported about 6 hours ago
Australia's securities regulator, ASIC, has initiated a trial to expedite the IPO process, as the number of listings has fallen to a decade low. The changes aim to cut the typical 20-week timeline by up to one week and enhance access for retail investors. This two-year trial follows a report highlighting the significant drop in funds raised through IPOs, with only A$4.2 billion raised last year compared to A$22.9 billion in 2014. The adjustments will allow companies to submit prospectuses earlier and accept retail applications during a standard review period.
Source: YAHOO