Patent AU-2021107381-A4 (AU)
Title: System, Program, and Method for Executing Capital Raise Transactions
Inventor: DATT EMANUEL AJAY
IPC: G06Q40/06
Filed: 2021-08-25
Granted: 2021-12-23
Abstract: Book running 
ABSTRACT 
Embodiments include a system for pricing and executing capital raise transactions, the system 
comprising processor hardware and memory hardware, the memory hardware storing 
processing instructions which when executed by the processor hardware cause the processor 
hardware to execute a method comprising: maintaining a user registry of user accounts, the 
system providing remote access to each user account via an authentication process, via which 
remote access a user of the user account accesses functionality including trading, including 
purchasing and selling, instances of investment products, wherein the user registry includes, 
for each user account: personal identifying information, communication details, and a user 
history, the user history detailing historical bids, purchases and sales of investment product 
instances on the system, including an investment product identifier, date, and value, for each 
historical bid, purchase and sale; maintaining an investment registry comprising an entry per 
instance of investment product traded on the system, each entry identifying the investment 
product instance and listing a real time value of the investment product instance, and being 
assigned to ownership of an owner from among the user accounts; receiving, from an 
instructing entity, an instruction to price and execute a capital raise, being a raising of capital 
for a company by selling new shares representing ownership of the company to investor 
entities, the instruction comprising instruction information including a target aggregate value 
range for the capital raise, a valuation range of the company; broadcasting a preliminary offer 
to all or a subset of the users as preliminary offer recipients, of the user accounts based on 
the instruction, and comprising preliminary offer information including identifying information 
of the company, and a proposed range of price per new share for the capital raise; receiving, 
from some or all of the preliminary offer recipients as preliminary offer respondents, 
preliminary bids, wherein each preliminary bid defines a preliminary bid value being a value of 
new shares sought, being independent of price per new share or dependent on one or more 
maximum price per new share thresholds; calculating a formal offer price per new share, 
based on the target aggregate value range for the capital raise, and based on the preliminary; 
broadcasting a formal offer to purchase the new shares at the calculated formal offer price per 
new share exclusively to some or all of the preliminary offer respondents as formal offer 
recipients; receiving formal bids to purchase a specified value of the new shares at the 
calculated formal offer price from some or all of the formal offer recipients as formal offer 
respondents; executing transactions to distribute the new shares from the company to the 
formal bid respondents in accordance with the formal bids.  
[FIGURE 1]
2/5 
Maintaining user 
registry 
S201 
Maintaining investment 
registry 
S202 
Receiving instruction 
S203 
Broadcast preliminary 
offer 
S204 
Receive preliminary bids 
S205 
Calculate formal offer 
price per new share 
S206 
Broadcast formal offer 
S207 
Receive formal bids Execute transactions 
S208 S209 FIGURE 2