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Australia Moves to Speed up IPO Process to Counter Listings Slump

  • ASIC started a two-year trial on Tuesday to accelerate IPOs on the ASX by allowing early confidential prospectus submissions and faster retail investor access.
  • The trial responds to a 20-year low in IPOs with only 29 listings in 2024, down from 240 in 2021, amid concerns over market attractiveness and exits.
  • The changes aim to cut the 20-week IPO process by up to one week, reduce market volatility risks during exposure, and lessen administrative burdens.
  • ASIC Chair Joe Longo emphasized that simplifying the IPO process reflects their dedication to maintaining an appealing and competitive public market for both businesses and investors.
  • ASIC plans further regulatory adjustments since streamlining IPOs is not a silver bullet, intending to support a stronger and well-functioning market.
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The West Australian broke the news in Australia on Monday, June 9, 2025.
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