InvestorWeb still on track
Plans by online investment research house InvestorWeb to list on the Australian Stock Exchange (ASX) have taken another step forward with the appointment of Bridges Financial Services as sponsoring broker.
Bridges will manage the ASX listing which Investor Web director Otto Buttula says is on track for the first week in July.
Buttula says the listing does not require underwriting due to the high demand from potential investors.
While he could not give exact numbers until the offer closes, a priority allocation of shares will be offered to those who had signed up as 12 month Diamond members of Investorweb.
Recommended for you
Melbourne advice firm Hewison Private Wealth has marked four decades of service after making its start in 1985 as a “truly independent advice business” in a largely product-led market.
HLB Mann Judd Perth has announced its acquisition of a WA business advisory firm, growing its presence in the region, along with 10 appointments across the firm’s national network.
Unregistered managed investment scheme operator Chris Marco has been sentenced after being found guilty of 43 fraud charges, receiving the highest sentence imposed by an Australian court regarding an ASIC criminal investigation.
ASIC has cancelled the AFSL of Sydney-based Arrumar Private after it failed to comply with the conditions of its licence.

