Business Daily Media write-up
Access Investing Limited (formerly named “Open Investing Limited”) is pleased to announce the successful lodgement of its Prospectus with the Australian Securities and Investments Commission (ASIC) in order to raise up to $10 million.
Open Investing is a unique offering in the market that is designed to provide ordinary or retail investors with access to unlisted growth and pre-IPO company investments. These investment categories are currently restricted to professional and sophisticated investors (called ‘wholesale’ investors). Managed funds and other wholesale investors are increasingly focusing on pre-IPO investments due to the potential to generate outsized returns, while retail investors are still only able to invest at initial public offering (‘IPO’) stage, generally at a much higher valuation.
Open Investing Founder and Managing Director Brett Tucker identified an opportunity to disrupt the market for private company investing through a novel investment process within a public company structure.
Effectively the goal is to recycle all cash invested in Open Investing in the form of ‘wholesale priced’ company shares which, due to the uplift in value as each company reaches IPO, are worth substantially more than the cash each investor originally deposits – reflecting the rewards (and risks) of private-to-public company investing.