Overview

• Cboe Australia won regulatory clearance on Oct. 7 to list companies, enabling initial public offerings and listings of dual-listed foreign entities.
• ASIC chair Joe Longo said the move will expand choices for issuers and investors and strengthen links to offshore markets.
• Cboe already handles about 20% of Australia’s equity turnover, or nearly A$2 billion in trades each day, according to ASIC.
• The approval follows high-profile ASX operational failures and a joint ASIC–RBA probe into the exchange’s governance and risk management.
• ASX shares fell nearly 2% after the announcement, and listings contribute about one-fifth of the exchange’s revenue.