Overview

• The trial began on June 9 and will run for two years, aiming to shave up to one week off the typical 20-week IPO timeline.
• Eligible firms with projected market capitalizations above A$100 million and no ASX-imposed escrow can access ‘fast-track’ status.
• ASIC will adopt a ‘no action’ position, allowing companies to collect retail investor orders during the mandatory seven-day exposure period.
• Regulators hope the reforms will reduce deal execution risk and boost listings after IPO proceeds fell to A$4.2 billion in 2024.
• The measures respond to a 20-year low of 29 ASX listings last year as many companies opt to stay private or list in overseas markets.