When ASX's Enterprise Market was launched in March 1998, there were limited opportunities for start-up enterprises to gain access to funding.
Since then, the global and Australian venture capital market has grown substantially, admission criteria for listing on ASX have been altered to facilitate entry for smaller, new companies and other companies have established substantially similar services to that provided by Enterprise Market.
In its three years, about 30 percent of companies hosted on Enterprise Market have raised capital in excess of $60 million.
However, given the changed environment and more promising outlook for start-up companies, it is now considered appropriate for ASX's operation of Enterprise Market to be wound down. Customers are being notified of the decision.
In its three years of operation, Enterprise Market has developed a sophisticated matching service for companies seeking to raise capital, and expressions of interest are now invited to purchase this service. These enquiries should be directed to Mr John McMurtrie, ASX Executive General Manager, Investors and Companies.
