Equitise has announced it is to launch a "ground breaking" offer to partially crowdfund an initial public offering (IPO) for Chinese agricultural firm, Dongfang Modern, on the Australian Stock Exchange. Equitise stated that equity crowdfunding will not only help raise capital but is expected to improve the liquidity of Dongfang shares. The company said in its IPO prospectus, which was filed with ASX today, that it intends to use proceeds from this offering, including any proceeds raised through equity, as seed money and to expand into new
Equitise has announced it is to launch a "ground breaking" offer to partially crowdfund an initial public offering (IPO) for Chinese agricultural firm, Dongfang Modern, on the Australian Stock Exchange. Equitise stated that equity crowdfunding will not only help raise capital but is expected to improve the liquidity of Dongfang shares. This highlights again the issue of what constitutes public and private, and shows what could now be possible in the equity crowdfunding space.