Australian Digital Capital Raising Platform (DCRP) Blu Horseshoe was officially launched today to help connect investors to post-IPO raises on the ASX.
The company said it aims to provide a conflict-free pipeline that allows sophisticated investors to access secondary transactions, brokers to expand the universe of investment opportunities for clients, and businesses to maximize their capabilities. ‘increase.
According to Blu Horseshoe CEO Antony Tolfts, the platform has received a strong market response, having already executed 118 trades since June while in soft launch mode.
“When we opened the platform in June, our goal was to execute 60 trades in our first year,” he said.
“We’ve managed to nearly double that in just over four months, and our pipeline is only getting stronger. It was very exciting to see the enthusiasm of brokers and investors as we prove our model in the Australian market.
Blu Horseshoe noted that investor access to post-IPO raises on the ASX has historically been uneven and dependent on broker relationships, despite overshadowed IPOs with $60 billion raised post-IPO l year, compared to just $13 billion in IPOs.
Mr. Tolfts argued that the current fragmented landscape does not benefit anyone with access to brokers to transactions dependent on their business relationships, while business distribution is limited to the customer base of the chosen broker.
“The concept of a DCRP is not new – but we do things a little differently,” he explained.
“Blu Horseshoe does not offer any products other than DCRP, nor do we compete with brokers by bringing our own offerings to the platform. Our team comes from deep financial services experience, and well While our technology is well-designed and simple to set up and use, we don’t position ourselves as a technology company – service is first and foremost what we offer.
The company’s founding investors include Aspermont, International Pacific Capital and Singapore-based Spark Plus. Alongside Mr. Tolfts, his core team includes Chief Operating Officer, Pathhik Vora, and Chief Product Officer, Abi Obasanya.
“The next 12 months will be focused on integrating Blu Horseshoe as a core part of the secondary market infrastructure in Australia,” said Mr. Tolfts.
“After that, we will see what makes sense. It’s a very exciting time for a company like ours.
Jon Bragg is a reporter for Investor Daily from Momentum Media, nestegg and ifa. He enjoys writing about a wide variety of financial topics and issues and exploring the many implications they have on all aspects of life.