From the prospectus , Media Articles and Company Website...

From the prospectus , Media Articles and Company Website

https://events.miraqle.com/FormBuilder/_Resource/_module/n8R9Zzz07Em14jkKY9MzPg/file/Cashrewards_Limited_Prospectus.pdf


IPO Price $1.73 per Share
Total number of Shares to be held by Existing Shareholders at Completion 41.2 million
Escrow shares : Approx. 39 mil
SOI 78.8 million
Mcap $136.4 million
Indicative market capitalisation at Completion (fully diluted)6,7 $148.5 million
EV $90.6 million
Enterprise Value/FY20 revenue 5.3x

Launched in 2014, Cashrewards is the largest Australian-owned-and operated cashback ecosystem, with a mission to make every day more
rewarding by connecting Australian consumers with brands they love, while simultaneously supporting Merchant Partners across objectives,
including driving brand awareness and delivering high margin sales on a pure performance basis.

Cashrewards has five core products:

• Cashrewards app: Members browse, search and click-through the Cashrewards app to Merchant Partners websites where they can make
purchases and earn Cashback without leaving the app. The app also supports Cashrewards’ in-store solution, identifying relevant Merchant
Partners including through location-based curation.
• Cashrewards website: Members browse, search and click-through the Cashrewards website to Merchant Partners’ websites where they can
make purchases and earn Cashback.
• Cashrewards Assistant: Members using internet search engines are alerted to a Cashrewards offer by the Cashrewards Assistant (internet
browser extension) either when entering a Merchant Partner’s website or if the Merchant Partner’s website appears in a search engine’s organic
search results. The Cashrewards Assistant extension can currently be installed on Google Chrome, Firefox or Safari.
• Card-linked Offers: Members can link their Visa or Mastercard debit or credit cards to Cashrewards and earn Cashback by making purchases
in-store on their linked card with participating Merchant Partners.
• Partner Rewards Engine: The Partner Rewards Engine, when integrated, allows partners to leverage Cashrewards’ proprietary core technology
platform to make Cashrewards (including its large Merchant Partner network) available to their customers.

On November 6th ANZ BANK invested 25.9 million into Cashrewards for 19% stake in it

https://www.copyright link/street-talk/anz-takes-stake-in-cashrewards-ipo-20201106-p56c11

Cashrewards' brokers Moelis and Ord Minnett said "Cashrewards believes that ANZ’s proposed investment provides the potential basis for the development of strategic relationship in the future"

The company said it believed ANZ's investment " provides the potential basis for the development of strategic relationship in the future".

Cashrewards made $17 mil Revenues for FY20 IMO Being a fintech and also having ANZ Bank as an Investor and a partner , Cashrewards is priced at a reasonable valuation. IMO It should open at least 70 to 100 % Higher than the IPO price on day one . It is surely in the right sector at the right time when all Major banks want to partner with fintechs who are are in Loyalty sector.

I will be a buyer on day one of listing ( Subject to price ) and I intend to hold it for medium to long term ( subject to market price )

I managed to get a small parcel in the IPO

Listing on 02/12/2020

GLTAH

ALL IMO

Peace