Amaysim IPO, page-3

Mobile service operator Amaysim has appointed Investec and Reunion Capital Partners to prepare the company for a $400 million sharemarket listing.
It’s understood Amaysim, which has more than 600,000 customers, has hired the two firms for strategic advice and is considering an initial public offering in early 2015.
It means Investec and Reunion will likely oversee the appointment of lead managers in the coming months, sources said.
Amaysim is one of Australia’s largest mobile virtual network operators (MVNO). It resells SingTel-Optus services at low prices and under its Amaysim brand.
The company promoted Julian Ogrin to managing director in July, and set him the ambitious target of hitting 1 million customers by 2015. The theory is the 1 million mark should make the company large enough to attract small cap fundies at an IPO, and ensure liquidity in the secondary market.
Amaysim is already backed by microcap fund manager Acorn Capital and European-based private equity, among other investors.
The appointments come as another tech play, Bailador Technology Investments, fronts investors ahead of its own $40 million listing.
The private equity-style investment company founded by former Fairfax Media boss David Kirk and ex-Illyria and CHAMP Private Equity exec Paul Wilson will meet investors and brokers across the country this week. Ord Minnett is handling the offer, with BBY and Forsyth Barr co-managers.
Bailador lodged a prospectus for the $25 million to $40 million raise on Friday.
Interestingly, its directors include Gilbert + Tobin M&A specialist Andrew Bullock and former Fairfax numbers man Sankar Narayan.