Closing the backdoor? A guard at the front door? ASX admission requirements set for an overhaul

Corporate Alert

Corporate Alert

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The ASX yesterday released its long anticipated consultation paper "Updating ASX's admission requirements for listed entities". A number of amendments to tighten the admission requirements under the Listing Rules are proposed which may make it more difficult for early stage entities to access the market. In addition, some policy changes have immediate effect which will have material consequences for backdoor listings.