Terrier onthe mark as always with Morgans led IPO's.
Major Government clients including Defence and National Security.
No major competitors as they play the Sovereign pitch to target Government clients.
IT services market has performed very well significantly outperforming the ASX over the last 12 months as at 30/9/21.
Up around 100% in the last 12 months.Management will retain 75% of shares and all will be in escrow.
Very well priced at EV/EBITDA 5.5X
As it’s a relatively small raise I suspect it will close early and list well.
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