Australian digital broker Stake is turning its attention from Wall Street to the local bourse, launching a beta version of its trading platform for the ASX. The fintech has also launched a viral referral campaign among users, offering free ASX trades until the end of the year. People who sign on are put on the… Read more »
Shares in ASX-listed software venture Altium (ASX: ALU) jumped 40% after the company rejected an unsolicited $5 billion takeover offer from NASDAQ-listed multinational software behemoth Autodesk. The non-binding, indicative and unsolicited offer from for 100% of Altium at A$38.50 per share, by way of a scheme of arrangement, was rejected as “significantly” undervaluing the business,… Read more »
How Elon Musk and Redditors played Wall Street hedge funds for billions over GameStop – and Robinhood freaked
How does a small retail company that sells video games, worth less than US$400 million in the middle of 2020, become a US$10 billion company in less than six months? How does its share price climb from about US$20 on January 12 2021 to US$347 on January 27 – then fall back to US$193 the… Read more »
Medtech Atomo Diagnostics had an unusual start to life as a listed company today, holding a virtual bell-ringing as it became the first company to list on the ASX since January. But coronavirus concerns proved to be boon for the rapid blood test startup, which in the past month has turned its attention producing… Read more »
Atlassian boss Mike Cannon-Brookes had a nice little earner when SME payments fintech Tyro listed on the ASX at noon today. The shares soared in the first hour of trade from a listing price of $2.75 to $3.51, a 20% gain on paper for the company’s tightly held register of shareholders. By mid afternoon, the… Read more »
With its shares last valued at $2.92 on January 22 before suspension, GetSwift is currently trading at $1.24 after a market update.
CropLogic has released its prospectus ahead of its proposed ASX listing, as the business looks to raise up to $8 million with shares at $0.20 each.
Sydney-based human resources software company Elmo has released its prospectus ahead of a proposed ASX listing on June 29, looking to raise $25 million by floating 12.5 million shares at $2 a piece.
The Commonwealth Bank has announced the sale of its remaining stake in Visa for $439 million following a review of its capitalised software assets.
After much speculation, online electronics retailer Kogan has today announced its Initial Public Offering, with new shares to released at an offer price of $1.80 per share as it looks to raise $50 million. The funds will be used for growth capital, with investment in new products and categories and marketing.
Customer experience startup Flamingo acquired by ASX-listed Cre8tek for estimated $10.7 million in shares
It was announced yesterday that customer experience focused startup Flamingo, founded by high-profile entrepreneur Dr Catriona Wallace, was acquired by ASX listed technology and software development company Cre8tek.
Zero to one: RocketClub helps early-stage startups accelerate user growth by distributing shares to early adopters
Over the last decade, all forms of crowdfunding – donations-based, rewards-based, debt-based or equity-based – have been embraced by early-stage startups that take extraordinary risks bringing new products to unproven markets. What we have rarely seen, however, is startups offering shares to early adopters of a product, or more specifically, startups offering shares to accelerate user adoption. This is what RocketClub, a startup headquartered in Sunnyvale, California, facilitates.
The Australian Taxation Office (ATO) has released a set of standard document templates to help startups establish and operate an Employee Share Scheme following amendments to the regulation of the scheme passed by the Senate last week.
Yes, I know. You are a start-up. You have limited resources and a difficult cash flow forecast – but could really use some help. We spoke about interns a while back, now we are going to look a bit deeper into other ways you might think about to supplement the limited funds you have to hand to get the right person helping you out.