News and Announcements
The Inabox IPO offer is due to close this Friday 14th June
- Published June 11, 2013 9:51AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
The Inabox IPO offer is due to close this Friday 14th June. The minimum investment is only $2,000.
Inabox is a profitable telecommunications company which plans to list on the ASX at the end of June 2013 under the ASX code “IAB”. The business was established in 2003 and generated pro forma revenue of over $45m in FY2012. In the first half of 2013 pro forma net profit after tax was approximately $1 million. The business has a track-record of paying dividends and is well positioned to capitalise on the opportunities being created by the National Broadband Network (NBN).
In conjunction with the IPO Inabox is seeking to raise $2.9 million from new investors at an offer price of $1.20 per share. The founders of the business are voluntarily escrowed for a minimum of 18 months and funds raised will be used to grow the business, pay expenses of the offer and complete an acquisition.
Any questions?
If you have any questions about the IPO or offer please call Mark Nesbitt on 0411 22 88 99 or email [email protected].
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