What does it mean when we say we provide ‘Fairer allocations’?
180 Markets flips the power around 180 degrees! In the past, share placements were only reserved for investment funds. With 180 Markets this is no longer the case. We give our investors the power by providing access to our partner’s placements at your fingertips.
What is a HIN number?
A HIN is like a bank account number, it is used to identify your account with a broker where your shares are held. A HIN number starts with X00 or X01, followed by an 8 digit number.
What does it mean when we say we provide ‘Fairer allocations’?
180 Markets flips the power around 180 degrees! In the past, share placements were only reserved for investment funds. With 180 Markets this is no longer the case. We give our investors the power by providing access to our partner’s placements at your fingertips.
What is a 180 Lead Managed Deal?
A 180 lead managed deal is when we lead the capital raises ourselves. Whenever we lead mange a deal, you can be assured that the capital raise is being cornerstoned by 180 markets founders (*see below for definition of cornerstone*). These deals are organised, priced and analysed by the 180 team. The founders of 180 Markets are putting their own money into these placements and we therefore take immense pride in these deals.
*Cornerstone: Securing early guaranteed access into a deal.*
What is an Initial Public Offering (IPO)?
This is when a private company turns public and its shares can be traded on an exchange. 180 Markets gains access to many IPOs which helps companies raise money to list. There are many reasons a company wants its shares to be publicly listed. A few of these include greater liquidity, a more diversified range of shareholders as well as greater exposure and public image.
What is a Pre-IPO?
An early investment into a private company that is considering listing on an exchange. While the risk profile is higher than an IPO due to the lack of liquidity and potential of not listing, the price is usually done at a discount to the IPO whilst also guaranteeing access to the IPO.
Market Placements
What does it mean when we say we provide ‘Fairer allocations’?
180 Markets flips the power around 180 degrees! In the past, share placements were only reserved for investment funds. With 180 Markets this is no longer the case. We give our investors the power by providing access to our partner’s placements at your fingertips.
What is a HIN number?
A HIN is like a bank account number, it is used to identify your account with a broker where your shares are held. A HIN number starts with X00 or X01, followed by an 8 digit number.
What does it mean when we say we provide ‘Fairer allocations’?
180 Markets flips the power around 180 degrees! In the past, share placements were only reserved for investment funds. With 180 Markets this is no longer the case. We give our investors the power by providing access to our partner’s placements at your fingertips.
When will I receive my shares?
For direct settlement, allotment date usually occurs 1-2 business days after settlement date.
For DVP settlement, shares will be on XX (e.g. BHPXX) on settlement date and will only be able to be traded upon conversion to the ordinary code (BHP), which occurs on allotment date, usually 1-2 business days after settlement date.
What is a 2 Tranche Placement?
A 2 Tranche Placement is when a Placement has two different Settlement Dates.
How Does it Work?
As an example, George bid for a Placement and was allocated 100,000 shares of XYZ @ $0.05 per share = $5000 with 60% settling on June 1st (the first Settlement Date/ 1st Tranche) and 40% Settling on July 10th (the Second Settlement Date / 2nd Tranche).
George would settle on 60,000 shares on June 1st and 40,000 shares on July 10th.
What is "Direct Settlement"?
Direct Settlement is the traditional stock settlement methodology.
How it works:
After your trade is executed but prior to settlement date, the investor pays money directly to the Company (BPAY or EFT) and the Shares are delivered into your existing brokerage account.
Points to Note:
Ensure the details provided to the Company precisely match your brokerage account information. As an example, even if the name recorded on the company register is Bob Smith but your brokerage account name is Bob S. Smith, the settlement will not match and need to be amended!
Allocation
What is a Behind The Wall Deal?
When we take investors ‘’Behind the Wall’’, we are providing you with potentially market-sensitive information. Investors are therefore bound to confidentiality and cannot act on the information other than for the purpose of the offer.
We use this method for the following reasons:
We are granted early access into deals that are occurring the next day (There is a chance the deal could not go ahead, hence you are ‘’Behind the Wall’’). If the deal does go ahead, we are likely to receive a better allocation. We have had an investor propose a raise for a Company (The Company may or may not have accepted our offer) and we are evaluating interest from our investor community to build a book and present the company with a firm offer. As a result, those investors that accept the ‘’Behind the Wall’’ terms and bid early will be prioritized when it comes to allocations. This includes if we put the deal on the platform the following day (we are aware of those that bid early).
Steps for setting up an account as an investor
Create an account: Click ‘’continue as investor’’ using your basic details. Fill out your name (including middle name), phone number, email and password Complete your preferences. Add in your entity details. Please note that you are able to add more than one entity. Please include your HIN and PID numbers, full entity trading name and any account designations. You must ensure that ALL your entity details match EXACTLY as per your brokerage account. It is essential that these details match exactly otherwise you will not receive your allocated shares. You can have multiple entities under the single profile, for example an individual account, joint account and trust/superannuation account or company account. In this way, whenever you place a bid you will be able to choose which entity you would like to bid from. Finally, you must provide a signed copy of a sophisticated investors form and ID. The sophisticated investor form must be signed and dated by an accountant and satisfy the criteria outlined: that the investor has $2.5 million of assets OR earns $250K gross income. ID can include driver’s license (preferable), passport or birth certificate. Once the 180 Markets onboarding team has verified your profile, you will receive a verification email and be able to bid on the next deal! ***Note: If your entity is in a trust/superannuation account, please ensure that all members of the trust/superannuation account are included in the entity details
What is a "DVP" settlement?
DVP is a stock settlement method of Delivery Versus Payment. Essentially, you, the investor, receive Shares into your brokerage account in return for paying cash – thus the terminology, DVP. DVP is the newer methodology for stock settlements and will likely increase in popularity.
How it works:
After your trade is executed but prior to settlement date, 180 Markets issues you a CARD form. Simply email it to your existing brokerage account customer service representatives. This CARD contains an easy set of instructions for your broker authorising the acceptance of Shares into your account in return for payment of cash (Delivery Versus Payment).
Timing:
It is helpful to forward your CARD to your broker as soon as possible. The reason is that your broker typically will look to “match” our settlement agent even one day prior to the actual settlement (although legal exchange has yet to take place). By aiming to match ahead of time, this process avoids any unnecessary last moment issues. What’s more, always ensure you have sufficient funds to cover payment.
Please note:
Not every brokerage firm supports DVP. Please check and ensure your broker does support DVP.
What is a 180 Lead Managed Deal?
A 180 lead managed deal is when we lead the capital raises ourselves. Whenever we lead mange a deal, you can be assured that the capital raise is being cornerstoned by 180 markets founders (*see below for definition of cornerstone*). These deals are organised, priced and analysed by the 180 team. The founders of 180 Markets are putting their own money into these placements and we therefore take immense pride in these deals.
*Cornerstone: Securing early guaranteed access into a deal.*
What is an Initial Public Offering (IPO)?
This is when a private company turns public and its shares can be traded on an exchange. 180 Markets gains access to many IPOs which helps companies raise money to list. There are many reasons a company wants its shares to be publicly listed. A few of these include greater liquidity, a more diversified range of shareholders as well as greater exposure and public image.
What is a Pre-IPO?
An early investment into a private company that is considering listing on an exchange. While the risk profile is higher than an IPO due to the lack of liquidity and potential of not listing, the price is usually done at a discount to the IPO whilst also guaranteeing access to the IPO.
What is a Convertible Note?
An instrument used to provide immediate funding for a company when shares are not issued straight away. In the case of small caps, this is usually a form of debt that will convert into equity at a later date. There are many different structures funders can use for convertible notes.
