shares Archives

ASX

Business channel ausbiz launches ‘intel’ service for investors in equity deal with shares platform Marketech

Simon Thomsen - March 28, 2025 2 MIN READ

Sydney business journalism disruptor ausbiz has forged a strategic equity partnership with Western Australian tech veteran Marketech. The partnership, structured as an ‘equity for content and promotion’ deal, is similar to the equity agreements struck by ASX-listed Airtasker with Channel Four in the UK, and other media companies. Perth-based Marketech is the 20-year-old tech innovator… Read more »

ASX

Icarus moment: DroneShield shares plunge amid short concerns

Simon Thomsen - July 17, 2024 2 MIN READ

Shares in ASX-listed tech scaleup DroneShield have plunged for a second day in a row, falling another 20% to $1.61 by Wednesday lunchtime, following a 22% plummet on Tuesday amid a halt in trade. DroneShield (ASX: DRO) shares have been on tear over the last seven months, climbing from $0.31 cents in mid-December 2023, to… Read more »

Canva cofounders Cliff Obrecht, Cameron Adams and Melanie Perkins.

Business

Canva’s early investors are getting closer to a $1.5 billion payday

Startup Daily - January 10, 2024 2 MIN READ

Staff at Canva, along with early-stage investors such as Australia’s leading VCs, are close to hitting the jackpot for their initial belief in the global design platform, with around US$1 billion (A$1.49bn) in privately owned shares set to change in the coming weeks as a secondary market sale. US tech site The Information published news… Read more »

People

The 5 biggest mistakes founders make with stock options up to Seed stage

Jason Atkins - May 9, 2023 5 MIN READ

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 »

ASX

Court bans ‘ASX Wolf’ finfluencer Tyson Scholz from handing out online financial advice

Simon Thomsen - April 14, 2023 2 MIN READ

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 »

ASX

Brokerage fintech Stake is offering the cheapest trades on ASX shares

Simon Thomsen - September 13, 2021 2 MIN READ

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 »

ASX

Altium shares soar after knocking back Autodesk’s $5bn takeover bid

Simon Thomsen - June 7, 2021 2 MIN READ

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 »

Topic

How Elon Musk and Redditors played Wall Street hedge funds for billions over GameStop – and Robinhood freaked

James Doran - February 1, 2021 4 MIN READ

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 »

Topic

Medtech Atomo Diagnostics hit the ASX and its share price doubled

Simon Thomsen - April 16, 2020 2 MIN READ

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 »

Topic

Here’s who owns fintech unicorn Tyro – and Atlassian’s Mike Cannon-Brookes tops the list

Simon Thomsen - December 6, 2019 2 MIN READ

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 »

Topic

GetSwift shares resume trading on the ASX after three weeks suspended

Gina Baldassarre - February 19, 2018 2 MIN READ

With its shares last valued at $2.92 on January 22 before suspension, GetSwift is currently trading at $1.24 after a market update.

Topic

New Zealand agtech startup CropLogic to raise $8 million through ASX listing

James Ward - July 14, 2017 2 MIN READ

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.

Topic

HR software company Elmo to raise $25 million through ASX listing

Gina Baldassarre - June 8, 2017 2 MIN READ

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.

Topic

Commonwealth Bank sells stake in Visa for $278 million profit

James Ward - December 20, 2016 2 MIN READ

The Commonwealth Bank has announced the sale of its remaining stake in Visa for $439 million following a review of its capitalised software assets.