Offer Price and Cents

cent: Many initial public offerings, or IPO's, this year have been lucrative, outperforming the ASX 200 by around 25 per cent, according to Australian Broadcasting Corporation. Drone Shield which listed in June jumped 90 per cent on debut from its offer price of 20 cents, and Buy MyPlace jumped on its first day in March and eight months on is double where it started, now trading at 48 cents. Related Story: Trump presidency jitters spark fall in Asia-Pacific markets Map: Australia Many retail investors are bitterly disappointed the ASX has ignored their campaign to get greater access to stock market listings. They are tidy profits for investors who could get in early — but the best IPOs are often only open to the big end of town. "They are pre-sold to sophisticated investors and institutions, a sophisticated investor is someone with $2.5 million in assets," aid Ben Bucknell from OnMarket Bookbuild, an online company which helps small retail investors access IPOs. "In all the bigger IPOs they're pre-sold so there no shares left for retail investors." Midway through the year Mr Bucknell said small investors and the Australian Shareholders Association saw an opportunity to even up the playing field when the ASX launched a review of its listing rules. The idea was lifted from Hong Kong and Singapore markets, which have minimums of 25 and 40 per cent. A campaign was launched by OnMarket calling on the ASX to mandate a minimum number of shares in every float be made available to retail investors, like mum and dad investors and retirees. (news.financializer.com). As reported in the news.