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blacksheep
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and , just raised some money, looking to list.

Butn, a three year old fintech startup founded by a 38 year old serial entrepreneur and a 74 year-old banker, has closed a $12.5 million funding round and now plans to go public on the Australian Securities Exchange in the first half of this year.

 

The company was spun out of small business transactional lending company AFC (Australian Factoring Company), and has built a technology platform that lets it offer several lending and financing options to clients including a buy now, pay later product, advances on commissions, advance invoice payments and business loans.

 

1. Butn X

Invoices paid in an instant

Get paid as soon as your goods and services are delivered with advanced payments up to $75,000. It's simple, 30 days just turned into 30 seconds.

 

2. Butn Pay

Buy Now Pay Later for business

Butn Pay lets organisations instantly pay for goods and services, and choose the repayment terms. It gives businesses the cashflow they need, in seconds.

 

3. Butn Now

Commissions, without the wait

With Butn Now businesses can claim their commissions instantly. Don't wait weeks or even months to be paid–get commissions paid in advance.

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Bank of America and Goldman Sachs have sent terms to fund managers on Wednesday morning, and said they would be back with an institutional bookbuild to sell shares and lock in the listing on Tuesday 27 April. Australian Clinical Labs would seek to raise $408.6 million at $4.00 a share. The price represented 15 times forecast profit for the 2021 calendar year, 9.9 times EBITDA on an AASB 117 basis and implied a 3.4 per cent dividend yield.

 

Funds raised would go towards Australian Clinical Labs' selling shareholders, repay existing debt and pay transactions costs, the term sheet said

 

If successful, the group would like with a $809.3 million market capitalisation on May 14. It would trade with ASX code of ACL.

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Mental health and private rehabilitation provider Aurora Healthcare has put a $400 million initial public offering to a small group of institutional investors, and is calling for bids on Friday.

 

It is understood Aurora and its brokers have taken a handful of potential cornerstone investors through due diligence in the past week or so, seeking to lock in their early support and shore up the listing.

 

Investor sources said the cornerstone price range was 19.7 times to 21.7 times forward earnings, on a price to earnings basis, or $2 to $2.40 a share, in a deal that would value the group at $800 million to $880 million.

 

Potential investors were told the first $320 million or so would be used to pay down debt inside Aurora Health Care, which is to be spun out of the country's No.3 private hospitals group Healthe Care, while the other $80 million would go to Healthe Care owner Luye Group. Luye would own 30 per cent to 35 per cent on listing.

i don't think so; good way to lose money
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I haven't played in the main pool for yonks - earnings? what are earnings? - but those levels of PE suggest that the company is about to roll out a killer competitor for Facebook or Amazon don't they? Somehow they are making what is effectively a utility sexy it would appear ...
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Street Talk understands Boundary Bend, which is Australia's biggest olive grower and extra virgin olive oil producer, has hired stockbrokers Bell Potter, Ord Minnett and Morgans to oversee an initial public offering likely to value it at more than $500 million.

 

Sources said the company and its advisers, which also include law firm DLA Piper, were aiming for a deal in the second half of this year. Early discussions indicated they would seek to raise $100 million to $150 million for the IPO.

 

Established in 1998, Boundary Bend's flagship brands are the well-known Cobram Estate and Red Island olive oils. Boundary Bend also has a wellness arm, Wellgrove, which sells olive-related health products, and an olive research and testing business, Modern Olives.

 

.... I notice Cobram Estate is hard to find on the supermarket shelves. Used to be $15 a bottle, now $18. Any discounted specials only sees a drop of 20% not the 1/2 price offers that the Spanish and Italian agribusiness producers let their commoditised oil go for.

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  • 3 months later...
telecoms software provider ActivePort is currently in the middle of its IPO raise, having blitzed through the minimum $10 million subscription and now targeting $15 million. The company’s software is used for centralised management of data networks, with funds from the IPO set to be used to expand overseas.
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Magnolia Capital Group has come on board as a cornerstone investor in telecommunications software provider ActivePort and its initial public offering, which has already exceeded its $10 million minimum capital raise. The company, which provides SD WAN orchestration software to telecommunications companies, internet service providers and systems integrators, is now targeting $15 million, with the raise priced at 20¢ per share.

 

At the maximum raise, the market capitalisation of ActivePort will be $52 million.

 

Tle lead managers ... have been emphasising ActivePorts similarities to Megaport, which has a market capitalisation of $2.6 billion, having had an almost 600 per cent share price jump in the last five years.

 

The white label cloud connectivity provider is run by telco veteran Karim Nejaim, who was most recently head of product engineering at Telstra.

 

Its software is used by customers to manage all aspects of their global data networks on one screen. This covers transit carriers such as Megaport, the big cloud providers and also telco networks. It has customers across South America, Southeast and Central Asia.

 

We are strong supporters of its unique single pane orchestration tool that matches the worlds best SD WAN providers during a time when efficiency and choice is at the forefront of individuals minds, Magnolia Capital chief investment officer Mitchell Atkins said
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While the pipeline of initial public offerings in the next month is largely small and mining hopefuls, with only the Home Consortium HealthCo Healthcare and Wellness REIT tapping investors for anything more than $50 million, that will quickly change.

 

Several companies worth more than $2 billion will be out meeting investors in September and October, hopeful of a debut before the year is out.

 

We have not got a lot of visibility on the larger listings coming through, but the final quarter tends to have the highest number of listings

Ventia, Judo Bank, GQG Partners, APM, SG Lottery and ComfortDelGro are among the big ones readying their path to market and are worth more than $17 billion combined, according to The Australian Financial Review.

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