Last week, I joined Jess Maguire on ABC Statewide Drive to discuss the concerning trend of shrinking listings on the Australian Securities Exchange (ASX).
We have seen a spate of takeovers (often by overseas companies), mergers and delistings (as firms struggle to raise capital) – and critically these companies are not being replaced by new listings.
Companies are reluctant to list as the time between deciding to list and getting approval to list leaves the company feeling exposed – considering it is within this period that the price the business will trade at is nominated.
To tackle this Australian Securities and Investments Commission ASIC and ASX have proposed a plan to shorten the period it takes to look over and approve listings.
Tune in from 1:41 to listen to my segment and learn more.