What is OpenMarkets Group and why is it significant?

OpenMarkets Group (OMG) is a trading and wealth management infrastructure fintech company that has become Australia's second largest retail broker after closing a $10 million pre-IPO funding round in March 2021. The company surpassed CMC Markets to achieve this ranking, demonstrating its rapid growth in the Australian financial services sector.

How much money did OpenMarkets Group raise in its pre-IPO round?

OpenMarkets Group closed a significantly oversubscribed $10 million pre-IPO funding round, co-led by E&P Corporate Advisory and Investec Corporate Advisory.

Who led the OpenMarkets Group pre-IPO funding round?

The $10 million pre-IPO funding round for OpenMarkets Group was co-led by E&P Corporate Advisory and Investec Corporate Advisory, both of which provided corporate advisory support for the investment.

OpenMarkets Group (OMG) closes $10m pre-IPO, becomes Australia’s 2nd largest retail broker