As omens go, epilepsy medtech Epiminder’s ASX debut on Monday, perhaps the stock exchange’s outage to start December wasn’t the best of signs. A technical glitch meant price-sensitive announcements couldn’t be published for several hours and 50 ASX-listed companies were forced into trading halts. Epiminder’s (ASX: EPI) initial public offering (IPO) at $1.50 per share… Read more »
Tasmanian climate tech startup Sea Forest was embraced by investors, with its shares closing up 12.5% on debut after listing on the ASX. The seven-year-old scaleup raised $20.5 million at $2 per share for a market capitalisation of $112.1 million, and rose as high as $2.42 before closing at $2.25. Sea Forest (ASX:SEA) was founded… Read more »
Institutional investors may have been keen for a slice of Carma’s IPO, which raised $70 million at $2.70 a share, but retail investors weren’t as keen to get behind the wheel when the four-year-old digital car retailer made its ASX debut on Wednesday, with falling up to 10% on their opening day of trade, and… Read more »
Carma’s investment banker founders are hoping that investors are hungry to see four-year-old online used car dealership go public with a bookbuild underway today to raise $100 million for a public listing on the ASX next month. The Sydney startup, which already has more than $100 million in venture backing under its belt, is reportedly… Read more »
The Commonwealth Bank (CBA) has sold a small stake in Swedish buy-now-pay-later fintech Klarna, worth around $100 million, as it lists in the US at more than 2x the price CBA paid for it 5 years ago. Klarna listed at US$40, higher than the expected $35-37 price, on the New York Stock Exchange (NYSE) overnight,… Read more »
Sydney online used car marketplace Carma has borrowed $30 million in a convertible note as it contemplates the possibility of an IPO. The funding round was led by ASX-listed Regal Funds Management and existing investor Tiger Global, with support from General Catalyst, Australian private equity manager Five V. Regal likes to invest in companies as… Read more »
Startup investor, advisor and accelerator Scalare Partners made its ASX debut today, finishing the day as it began at $0.25 cents a share. The business (ASX: SCP) went public via a reverse takeover of former confectionary maker Candy Club, after banking $4.301 million of an $8 million share offer $0.25 cents a share. The raise… Read more »
Startup advisory and investment business Scalare Partners is back in the hunt for $8 million to list on the ASX, after the Australian Securities and Investment Commission (ASIC) lifted its interim stop orders on the prospectus for a reverse takeover of confectionery maker Candy Club Holdings (ASX: CLB). Last week the corporate regulator intervened today… Read more »
The Australian Securities and Investment Commission (ASIC) has intervened on plans for a back door ASX listing by tech accelerator and investor Scalare Partners, concerned that the proposal doesn’t comply with disclosure laws. Scalare announced back in May that it would go public in a reverse takeover of confectionery maker Candy Club Holdings (ASX: CLB).… Read more »
The public listing of Canva will most likely happen in 2026 and won’t be on the ASX because Australia is a small market, according to the design software’s cofounder Cliff Obrecht. The husband of CEO and cofounder Melanie Perkins, named the 10th richest person in Australia, alongside his wife, with a combined wealth of $10.92 billion,… Read more »
Airwallex, the Melbourne-born fintech unicorn, is preparing to list publicly over the next two years according to one of its cofounders. The international payments business, last valued at US$5.5 billion (A$8.5bn) when it raised US$100 million in late 2022, turns 10 next year, having raised US$902 million in the seven years since it was founded… Read more »
Kiwi tech company Blackpearl Group (BPG) will list on the New Zealand stock exchange next month – the only IPO for the NZX in the second half of 2022. Blackpearl builds, acquires, and markets data-driven cloud services involving productivity and demand generation applications for small and medium-sized businesses (SMB). Its proprietary data platform, the Pearl… Read more »
Payday lending fintech Beforepay had the $35 million value of its IPO wiped away on debut on the ASX today, with the company’s share price plunging 44% in its first day of trade. Making an early bid for 2022’s worst opening day – the drop saw Beforepay (ASX: B4P) float at $3.41 per share, but… Read more »
My Foodie Box listed on ASX on Friday, making an impressive public debut with its shares closing up 25% on their first day of trade. The three-year-old subscription startup (ASX: MBX) raised $6 million at $0.20 per share, with the parent company behind the ANZ distributor of the $2000 cult kitchen device Thermomix, Magnet Investments,… Read more »
Shares in hotel commerce platform, SiteMinder jumped 38% on debut on Monday, adding $500 million to the value of the business. SiteMinder’s IPO raised $627 million at $5.06 a share, for a market capitalisation of $1.36 billion. Shares in the business (ASX:SDR) closed at $7.10 on Monday for a $1.88 billion market cap. Equity funds… Read more »
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