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 »
Judo Bank made its ASX debut today, delivering comparatively modest gains for investors in the fintech’s IPO compared to some recent tech listings. Judo (ASX: JDO) ended its first day up trade up 7.6%, closing at $2.26 from a listing price of $2.10. More than 19.5 million shares changed hands. The float raised $657 million… Read more »
Touch Ventures Ltd became a rare Australian company today – an ASX-listed venture capital firm – and investors keen to back high-growth companies embraced to chance to grab a slice of the action. Touch (ASX: TVL) raised $100 million for its IPO at 40 cents a share. The company, previously known as AP Ventures, is… Read more »
Shares in PPK Group spin-off battery tech company Li-S Energy skyrocketed by 175% on listing on the ASX today, pushing the company’s market cap to unicorn levels on debut. At one stage Li-S Energy shares (ASX:LIS) were up more than 250% to a peak of $3.05 before closing at $2.33. The company raised $34 million at… Read more »
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 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 »
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