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ASX flooded with tech start-up backdoor floats

Regulators and investors are divided in their opinion on the merits of a rush of early stage technology stocks coming to market through “backdoor ­listings” but they can be sure the trend will continue in 2015.

Sally RoseFinancial services reporter
Updated

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Regulators and investors are divided in their opinion on the merits of a rush of early stage technology stocks coming to market through “backdoor ­listings" but they can be sure the trend will continue in 2015.

Around 20 tech start-ups have either already floated on the Australian ­Securities Exchange through a backdoor listing, or released a prospectus detailing their plans to do so, this year. Two of the most notable examples have been foreign listings from Singapore’s MigMe and Silicon Valley’s 1-Page .

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Sally Rose previously covered superannuation, financial services and business Connect with Sally on Twitter.

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    Original URL: https://www.afr.com/technology/asx-flooded-with-tech-start-up-backdoor-floats-20141203-11yt9s