The ASX has communicated to all market participants of an industry-wide ASX settlement failure that occurred on Friday the 20th of December. This failure has meant that CHESS was not able to complete market settlement on Friday and has deferred settlement to Monday the 23rd of December. For those clients who had sell trades settling on Friday we have ensured those sale proceeds have been made available to you for trading on Monday. Stock delivery for clients who had buy trades settling will need to wait until Monday before the shares become available to sell. We apologise for any inconvenience this ASX outage has caused.
Many of the biggest investment success stories in recent times have listed in the last several months. Australian IPOs outperformed the overall ASX by over 25% in the first three quarters of 2017*. For investors, however, the decision to buy stock in a company that has previously been private can be a challenging one.
In Understanding IPOs and Capital Raisings, Gemma Dale interviews Brett Grant, Head of Self Directed Investing, nabtrade about the pros and cons of initial public offerings and capital raisings, and covers such issues as:
* OnMarket Third Quarter IPO Report, October 2017
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