Carolyn Breeze
ASX

ASIC green lights $8 million raise for Scalare Partners back door ASX listing

- September 23, 2024 2 MIN READ

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 »

Carolyn Breeze
ASX

ASIC hits pause button on startup services provider Scalare’s $8 million backdoor listing plans

- September 16, 2024 3 MIN READ

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 »

Cliff Obrecht, Melanie Perkins
Business

Canva cofounder says Australian investors don’t understand tech and that’s why they’re listing in the US

- March 18, 2024 2 MIN READ

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
Fintech

Airwallex sets up for IPO by 2026

- January 15, 2024 2 MIN READ

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 »

Nick Lissette
Business

Kiwi tech acquisition company Blackpearl is the NZX’s only IPO for late 2022

- November 25, 2022 2 MIN READ

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 »

horse, fall, crash
ASX

Payday lending fintech Beforepay tanks on debut

- January 18, 2022 2 MIN READ

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 »

deflated balloon
ASX

Fintech Butn listed on the ASX and its shares went nowhere

- July 6, 2021 2 MIN READ

Small business transaction financing fintech Butn (ASX:BTN) went nowhere for investors on its ASX debut today with around 2% – 2.5 million – of the company’s shares traded before it, unusually, closing its first day of trade at the IPO price. Having raised $20 million at $0.50 a share for an indicative market capitalisation of… Read more »

caravan, camping
ASX

Camplify listed on the ASX and its share price fell

- June 29, 2021 2 MIN READ

Caravan rental platform Camplify listed on the ASX on Monday after raising $11.5 million in an Initial Public Offer. But despite starting the day with good news, upgrading its prospectus forecasts for gross transaction volume (GTV) and revenue, and seeing its listing price of $1.42 rise to $1.50 in intraday trade, shares in the Newcastle-based business… Read more »