Registered Members Login:
   
Forgotten Your Details? Click Here To Recover +
Welcome To The ShareCafe Community - Talk Shares And Take Stock With Smart Investors - New Here? Click To Register >

20 Pages (Click to Jump) V   1 2 3 4 > »    
 
  
Reply to this topic

Initial Public Offering and/or Floats, IPO / Float Discussion
nipper
post Posted: Nov 20 2020, 02:46 PM
  Quote Post


Posts: 7,737
Thanks: 2598


New Au Cu entity in the Lachlan Fold Belt. DYOR

IPO soon, being shopped by Taylor Collison
AUSTRALIAN GOLD AND COPPER LIMITED

We are pleased to launch the IPO for Australian Gold and Copper Limited (AGC or the Company). AGC is seeking to raise up to a maximum of A$10 million (subject to a minimum of A$7 million) of primary capital (Offer). Taylor Collison is acting as Sole Lead Manager and Bookrunner to the Offer.

Please find attached the Investor Presentation, Term Sheet. The Prospectus is available to download at https://www.austgoldcopper.com.au/

WHAT WE LIKE ABOUT AGC: Valuation: $10m pre-money valuation is compelling given quality and location of portfolio
  • Assets: 3 projects, 1,000km2 and 7 walk-up, near surface drill targets
  • Location: Lachlan Fold Belt hosts several multi-million ounce gold deposits
  • Quality & Diversity: The 7 identified drilling targets defined by historic workings, drill intercepts, outcropping, surface Geochem and geophysics there are multiple data sets defining these targets
  • News Flow: Extensive drill program expected to commence in January 2021 (AGC has already secured a rig) with an anticipated 5,000m of drilling in first 8 months. The rig will rotate amongst the drill targets whilst awaiting asays
  • Team: Highly experienced with strong track record of discoveries

OFFER DETAILS

K Offer Statistics
Cash Offer Price .... $0.20 per Share
Securities Offered ....35 million, Max 50 million
Gross cash proceeds from the Cash Offer ....Min $7 million, Max $10 million
Total number of Shares on issue on Completion of the Offer ....Min 85 million, Max 100 million
Indicative market capitalisation at the Cash Offer Price (post Offer completion .... Min $17 million, Max $20 million
Pro Forma net cash on Completion of the Offers (Section 5 Prospectus) ....Min $6.2 million, Max $9.0 million
  • AGC's projects are contributed by Magmatic Resources (MAG) and New South Resources (NSR) at a valuation of $10.0 million. There will be an 80% in-specie distribution of AGC shares to MAG and NSR shareholders, with the remaining 20% held by MAG and NSR. The large majority of the vend will be subject to escrow - see page 3 of the term sheet for details of relevant shareholdings and escrow.
  • The Offer is conditional upon the satisfaction (or waiver) of a number of conditions including: obtainment of MAG and NSR demerger approval, AGC obtaining ministerial approvals relating to the transfer of the tenements under the Mining Act and AGC obtaining a conditional admission letter from the ASX. Further detail on these conditions are outlined in prospectus.




--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Nov 18 2020, 06:47 PM
  Quote Post


Posts: 7,737
Thanks: 2598


Nuix lodged its prospectus late on Wednesday, and is slated to come to market with a $1.8 billion market capitalisation.

The company, which has grown to be one of the largest private Australian software companies despite a cofounder being sent to prison before being acquitted for tax fraud, has created software which helps organisations identify patterns and trends from different types and formats of data, including unstructured data, which is generated by things such as social media, text documents and PDF files.

This type of data does not fit neatly into a database table and is more challenging to interpret. These data insights are generally applied to fields such as cyber security, risk and compliance, and fraud investigations.

Nuix is raising $975.3 million. Of this, $875.3 million will go to existing investors selling down, while $100 million will be injected into Nuix. Macquarie, which owns more than 66 per cent of the business, will reduce its stake by more than half to 30 per cent.

In its prospectus the company pinpointed possible cyber security breaches and any churn in its existing customers as its biggest risks.

In the year to June 30, Nuix recorded $175.9 million in revenue, up 25.9 per cent on the previous year. For the 2021 financial year, the business forecast $193.5 million of revenue, implying a growth rate of 10 per cent. The company has also forecast $63.6 million in earnings before interest, tax, depreciation and amortisation, on a pro forma basis.

Of company revenue, 80 per cent is generated offshore from North America, Europe, the Middle East and Africa. The bulk (70 per cent) of its annual contract value is generated by customers which have been using Nuix since 2016, or earlier, and the business has a churn rate of only 4.7 per cent.



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Oct 26 2020, 05:38 PM
  Quote Post


Posts: 7,737
Thanks: 2598


Azure Health Technology (proposed IPO)

Azure Health develops and commercializes evidence based nutraceuticals and pharmaceuticals based on two proprietary and patented delivery platforms for improving the bioavailability and efficacy of tocotrienols (a natural product which is one part of vitamin E). The Board, Scientific Advisory Board and Management of AZT have a proven track record in using science to create new products and to bring these products to market.

Podcast coming up on ShareCafe



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Oct 26 2020, 05:34 PM
  Quote Post


Posts: 7,737
Thanks: 2598


Zebit, Inc (new ASX listing, proposed code: ZBT)

Zebit is an ecommerce retailer that serves millions of credit-challenged consumers who value the proposition of buy now, pay over time. By providing these consumers with up to $2,500 of store credit and access to a marketplace of thousands of brand name products, Zebit gives its customers the ability to shop while spreading their payments over time. Zebit is located in San Diego and is backed by Venture Capital firms that include Crosslink Capital, Wildcat Venture Partners, Leapfrog Ventures, Ulu Ventures, and Correlation Ventures.

Podcast coming up on ShareCafe this Friday



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
Davexl
post Posted: Sep 23 2020, 03:01 PM
  Quote Post


Posts: 1


Proposed Aust listing on 25 September 2020 - New Zealand Oil & Gas (NZO)
Ironbark Exploration Well Update
22/9/2020, 10:34 am GENERAL New Zealand Oil & Gas is pleased to announce that the final regulatory approvals have been completed for the Ironbark 1 exploration well in the Carnarvon Basin, offshore Western Australia. The Operator reports that they expect to receive the rig Ocean Apex from Woodside Energy mid-October. We will be updating the market when drilling commences.

Chief executive Andrew Jefferies says the Ironbark prospect was an opportunity not to be missed.

"Ironbark has been in the Cue portfolio for many years, well before we acquired our interest in Cue. The permit was at risk of expiring and New Zealand Oil & Gas's farm in enabled the drill. While it remains a "frontier well" and will be the deepest offshore well Australia has seen, it is a genuinely world-scale prospect in a highly prospective address, with high quality partners and needs to be drilled. Getting to this point has involved a lot of work, by many people, over a number of years and it is gratifying to see it come together."

The WA-359-P participants are:
BP Developments Australia Pty Ltd 42.5% (Operator)
Cue Energy 21.5%*
Beach Energy 21%
New Zealand Oil & Gas 15 %

*50.04% owned subsidiary of New Zealand Oil & Gas

 
nipper
post Posted: Sep 19 2020, 11:41 AM
  Quote Post


Posts: 7,737
Thanks: 2598


There is nothing yet on the ASX Upcoming Floats page
https://www.asx.com.au/prices/upcoming.htm

though things might change. This potential float is timely; some might even say opportunistic, especially as the potential raise amount has doubled.
QUOTE
Facemask maker CleanSpace to launch.

Street Talk understands the ASX aspirant, which manufactures respiratory masks for workers in the healthcare and industrial sectors, will launch its IPO bookbuild on Thursday next week, with help from its brokers Wilsons and Bell Potter. It is understood the company was looking to snare $131.4 million, after originally planning to raise up to $60 million. A raising of that size implied an enterprise value of $305 million and a market capitalisation of $340 million. The bookbuild would be launched after three days of marketing meetings with fund managers from Monday to Wednesday next week.

It is understood those meetings would be mainly aimed at the investors who had signed up to cornerstone the raising and cornerstone institutions were being sent a pathfinder prospectus on Friday. At those meetings, funds were told that the company posted $28 million in revenue for fiscal 2020 and exports its masks to more than 40 countries. Its clients include the likes of Ramsay Health Care, Sydney Childrens Hospital, Rio Tinto, Boral and Airbus.

Existing investors in the business include fund managers Acorn Capital and CVC.

Founded in 2009 by ResMed engineers, the company is helmed by ex PwC operative Dr Alex Birrell, who is supported by chief financial officer and former Macquarie director Elizabeth Harvey.

CleanSpace plans to hit the boards on 23 October.
https://www.afr.com/street-talk/medical-dev...20200918-p55wua

The respirators provide filtered air and utilise sensors to provide enough clean air depending on how deeply the user is breathing.



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 


nipper
post Posted: Sep 4 2020, 12:24 PM
  Quote Post


Posts: 7,737
Thanks: 2598


and I wonder if this will make it to listing, let alone on the ASX?
QUOTE
Macquarie Group controlled forensic software company Nuix has made an impassioned maiden pitch to fund managers, telling them it was a robust and profitable organisation trusted by the world's most discerning customers.

Fronting potential investors for the first time ahead of a potential ASX listing, Nuix boss Rod Vawdrey said his firm was a global success story with more than 1000 clients from the government, law enforcement and legal sectors, spread across 79 countries. He said the group first started selling its software in 2006, had 421 staff and recorded $176 million revenue in the 2020 financial year, most of which was subscription based revenue.
Vawdrey told funds that his company would benefit from an explosion in human generated data, cybercrime and fraud, and the heightened financial and reputational damage arising from non compliance. He said Nuix's software allowed users to process and make sense of huge amounts of data, via various products including search based Nuix Workstation and insights focused Nuix Investigate.

Nuix made 56 per cent of revenue in North America in the 2020 financial year, and advisory firms like Deloitte and Accenture were its biggest customer group at 34 per cent of sales, the presentation said. Revenue was up 16 per cent a year in the past two years, on a compound annual growth rate basis, funds were told, while about half of its revenue came from clients that were also on the books six years ago.

The maiden pitch, put together with bankers Morgan Stanley and Macquarie Capital, comes as Macquarie Group mulls listing the software business on the ASX boards. Macquarie is Nuix's biggest shareholder with a 65 per cent stake.

Fund [managers] said there was little talk about Nuix forecasts or targeted valuation should it push ahead with the initial public offering. The closest comparable stock is arguably San Francisco based Splunk, which sells software for searching, monitoring and analysing data. Splunk is much bigger with $US2.3 billion revenue last year and trades at 12.9-times forecast sales.

What is Nuix worth? It is the $1.5 billion plus question. The other is: will Macquarie find a trade buyer to take it out in the meantime?
https://www.afr.com/street-talk/forensic-so...20200902-p55rjn



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Jun 19 2020, 08:14 AM
  Quote Post


Posts: 7,737
Thanks: 2598


Here's one I might pass on

QUOTE
Robocash has opened a pre-IPO funding round to finance the launch of its neobank in the Philippines.

So much so that Street Talk understands Russia-founded and now Singapore-headquartered Robocash Group is getting its ducks in a row for a listing Down Under, in what would be one of the chunkiest floats so far this year.

A presentation that's been in front of local fundies this week outlines Robocash is readying a $100 million initial public offering in December. A raising of that size would imply a $500 million-odd post-money market capitalisation for the financial services business or 9.8 times PE for fiscal 2020.

Robocash has been around since 2013 and mainly focuses on micro consumer lending in underbanked markets. As of March 31 this year the business had serviced 10 million customers across countries including Russia, Kazakhstan, Spain, India and the Philippines




--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: May 5 2020, 12:16 PM
  Quote Post


Posts: 7,737
Thanks: 2598


there are lots of floats still happening. We do, after all live in an age of transformation, and also where failure can be loaded on to other mugs. Some call it animal spirits
Just dropping this in as a handy reminder (hat tip to knobby22)
QUOTE
....in general why the raising? For Fundamental Investors this is very important.

You tend to have 4 different types:

Government e.g. CSL, Tabcorp, Telstra, - Government wants cash while making offer good enough to not lose votes. All the money goes to the Government.

Private Equity/ Merchant Bankers raising is selling an existing business that you have dressed up to make as much money as possible, e.g. Dick Smith, Myer etc. Usually the businesses are loaded up with debt and most of the money raised goes straight into the promoters pockets.

Smaller firms of chancers smelling an opportunity and getting the cash from the public. Mining explorers, biotech, sometimes dodgy brother type startups which are more about conning the punters.

Finally, real businesses being built up from foundation investors that go public to:
Get capital to enable faster expansion and allow the company to grow while cash flow negative, enable the founders to have a market to sell into once they have made their fortune (hopefully). e.g. Afterpay, Polynovo and this company.

If you look at an IPO and can't see the real reason for the float then stay away.

Its all about Risk versus Opportunity.



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Feb 4 2020, 08:38 AM
  Quote Post


Posts: 7,737
Thanks: 2598


Another one structured for the insiders?
QUOTE
investors taking a look at new IPO candidate Microba will be thinking with both their gut and their head as they weigh whether to jump into its $30 million initial public offering. ... the gut health company, which has a pre-money valuation of around $55 million, has tapped Bell Potter and Canaccord Genuity to take it public and is eyeing a listing on the ASX in the second quarter of 2020.

Microba has developed a kit that allows users to test their gut microbiome. The microbiome diagnostics and therapeutics market is estimated to be worth $US4.9 billion in 2020 and will grow to $US6.1 billion by 2023.

Microba generated $1.9 million in revenue in the 2019 financial year, which was forecast to rise 57 per cent to $3 million in the 2020 financial year, according to a presentation in front of fund managers. It's also signed a letter of intent with Europe's largest provider of pathology services to launch a healthcare product into the EU market.

Alex Waislitz’s Thorney Investments, Perennial Value Management and Sydney investment firm Alium Capital are already on the register following a $10 million Series B funding round in June last year. Perennial Value plans to increase its ownership further in the slated initial public offering and Thorney and Alium are expected to bid for more than their pro rata amount.

Cornerstone bids are due by Wednesday next week, prior to an IPO roadshow in late March, then a retail offer at the end of April. Microba is slated to hit the ASX-boards on May 8




--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
 


20 Pages (Click to Jump) V   1 2 3 4 > » 

Back To Top Of Page
Reply to this topic


You agree through the use of ShareCafe, that you understand and accept the TERMS OF USE.


TERMS OF USE  -  CONTACT ADMIN  -  ADVERTISING