ATV - ACTIVEPORT GROUP LTD

[nipper]

Activeport Group Ltd (ATV) is gearing up for a late September 2021 IPO.

 

White label software for Telcos, ISPs and System Integrators:

Simply better SD WAN 2.0 and whole network orchestration from an Australian software company. Telcos and system integrators can add their choice of low cost hardware, brand the SD WAN as their own, and sell a more affordable solution.

Listing date ....... 27 September 2021 11:30AM AEST ##

Contact details .... https://www.activeport.com.au/

Principal Activities ... Computer Services

Issue Price ...... AUD 0.20

Issue Type ....... Ordinary Fully Paid Shares

Security code .... ATV

 

Capital to be Raised ...... $15,000,000

Expected offer close date ... 06 September 2021

Underwriter... Not underwritten. Bridge Street Capital Partners Pty Ltd (Lead Manager)

[nipper]

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.

 

The 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.

[nipper]

nearly 4 weeks late in making it to the boards ....... Day One on the ASX for ActivePort: opened at 20c, traded between 21c and 19.5c all day,  which is where it ended up

[nipper]

Activeport ATV listed mid October. the 20c IPO was as good as it got; now 15c

[Share Cafe Admin]

Karim Nejaim - CEO - presenting at this Friday's (3/12/21) Hidden Gems Webinar.

 

Register HERE.

 

Thanks

[nipper]

found this recent 10 minute webinar interesting, especially as MegaPort has been so kind to me.

the Q&A at the end is the most telling, basically they have a year to get sticky with customers?!

https://www.sharecafe.com.au/2021/12/06/activeport-asx-atv-webinar-presentation/

[nipper]

and another interview from SC .... Now they have 6 months to get sticky with customers, or was it 2 years?

https://www.sharecafe.com.au/2022/05/02/activeport-asx-atv-webinar-presentation-2/

It is an interesting story, but it is white label and there are competitors, though the company claims it is unique.

But I cannot really see how different the offering is from Megaport (not a tech head, so what would I know?). They make some claims about the speed and one page (= one screen)

Now below 14c, and seem to be aiming for the peripheral players. Hard work.