The first time a founder goes to set up an Equity Plan, also known as an ESOP, or employee share scheme, they’re faced with many challenges. They’ve been told that they need one, but what is it, and how is it done properly? Your team are your greatest asset at a startup. In the earliest… Read more »
Social media “finfluencer” Tyson Robert Scholz, known as “ASX Wolf” on social media, has been threatened with jail time if he attempts to charge for financial and share trading advice following a ban by the Federal Court. In December, Justice Kylie Downes found that Scholz had illegally run a financial service business between March 2020… Read more »
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.