Tim Eisenhauer, Managing Director at OnMarket, said: “Anthony’s experience in capital raising from a founder’s perspective multiple times over, will provide valuable insight for Queensland’s start-up and early stage growth business community”.

Queensland and especially Brisbane has one of the most vibrant start-up and scale-up scenes in Australia. Since equity crowdfunding commenced in Australia over two years ago, there has been approximately $50m raised by over 75 companies, of which nearly $10m has been raised by Queensland domiciled companies.

Eisenhauer stated: “We are delighted to attract someone with Anthony’s experience. We see Anthony taking a very active role in helping and guiding companies raise much needed capital in Brisbane, as well as the larger regional Queensland areas like Rockhampton, Toowoomba, Townsville, Sunshine Coast and the Gold Coast.

“We believe that growth companies in Queensland, who are on their journey from seed to IPO are currently underserved for experienced capital raising advice. Having a member of the OnMarket team located in Brisbane will provide a far more seamless path for Queensland based companies to become investor-ready. This will enable well-prepared growth companies to attract capital from the 51,000 investors on our platform who are looking to invest in innovative and disruptive Australian businesses”, Eisenhauer said.

Queensland Chief Entrepreneur, Leanne Kemp, welcomed OnMarket to Queensland saying, “Queensland has an incredible innovation ecosystem known as much for generating amazing ideas as it is for being a truly collaborative place to do business. From social enterprises to agtech and international scale-ups to microbusinesses, there are around 35,000 entrepreneurs in Queensland.

“Customers drive revenues, revenues impress investors, investors fund growth, growth leads to big exits. And big exits lead to a robust ecosystem. This is the secret to Queensland stepping up its scale-up successes.

In Queensland, great ideas turn into great businesses. With more local capital available, we can leverage local strengths and see more companies on the journey from seed to success,” Kemp said.

Crowd-sourced funding legislation allows unlisted private and public companies the opportunity to raise up to $5m per year from the crowd. OnMarket has become one of the leading equity crowdfunding platforms in Australia, successfully raising capital their 51,000 strong investor database.

The post OnMarket expands into Queensland, says scale-ups underserved appeared first on AdviserVoice.

Eisenhauer said there has also has also been a big jump in the number of private-equity (PE) backed company floats on the ASX, representing 22% of all IPOs in 2014, well up from as low as 1% in 2006, and just 2% in 2010.

“We’re seeing some clear trends in IPOs. First they are getting larger. Since 2013, 47% of IPOs have been valued at greater than $50 million, well up from 13% of floats in 2012 that were valued at more than $50 million and just 7% in 2011. This reflects a robust and healthy IPO market.

“We’re also seeing more technology, finance and professional services companies list on the ASX while the number of resources companies, typically small in value, has dived. That contrasts to 2010, when energy and resources dominated the IPO market,” Eisenhauer said.

“Another trend we’re witnessing is for more foreign companies to list on the ASX, attracted by the very large and ready pool of Australian investors ready to invest in shares,” said Eisenhauer, whose company has launched the OnMarket app, giving retail investors free and fair access to ASX IPOs.

Meanwhile, the average first-day return on all 1,015 ASX IPOs over the past 10 years is 14.7%, “which has represented a great investment opportunity and is a compelling reason to buy into IPOs.

Even more impressive, in 2014, the last full year of performance data indicates an average 1 year return of 42.6% on IPOs,” Eisenhauer said.

That compares to an average 1-year IPO return over the past 10 years of 9.1% per annum, still very attractive, he said.

Recent analysis by OnMarket BookBuilds indicates that IPOs could continue the trend of outperformance this year.

According to the OnMarket First Quarter IPO Report, of the 13 IPOs on the ASX during the first quarter of 2016, first-day returns averaged 9.2%, representing a good gain for investors. IPO returns struck 1.3% over the first quarter of 2016, representing a strong 6.7% outperformance of the S&P/ASX 200.

“The strong returns revealed by the OnMarket First Quarter IPO Report reflects the trend for the IPO ‘asset class’ to outperform the overall share market. These returns build on an impressive IPO performance in 2015, when the average return of the 93 companies that listed on the ASX that year was 23%. That compares well with the S&P/ASX 200, which lost 3% in the same period,” Eisenhauer said.

To make IPOs more accessible, OMB recently launched the OnMarket app, which is completely free to investors: it’s free to sign up, bid and invest. A defined and automated system ensures all OnMarket bidders are allocated IPO stock fairly, stock which has in the past often been available only to wealthier individuals or clients of particular brokers and institutional investors.

The post IPOs get larger as more foreign companies list appeared first on AdviserVoice.