News and Announcements
Panalitix Joins ASX Tech Rush with $20m IPO
- Published July 25, 2016 5:06PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
25th July 2016, AFR by Yolanda Redrup
The throng of tech companies listing on the ASX is continuing into the second half of the year, with digital accountant community platform Panalitix looking to raise up to $20 million by hitting the boards.
Panalitix follows on from cyber safety business Family Zone, which filed a prospectus to list on the ASX this month.
The company, which provides accounting firms with access to an online library of resources and training courses for their staff, as well as client monitoring and marketing automation tools, is raising $2-3 million pre-IPO and $10-20 million when it lists in early 2017.
Co-founder and chief executive Rob Nixon said going public would help the business expand more quickly in the United States.
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