Here is some more detail from Dean Fergie:Outlook We believe we...

Here is some more detail from Dean Fergie:

1		Outlook We believe we have a lot to look forward to in the coming weeks. Our pre-IPO investment in courier technology platform,Zoom2U (Z2U)is due to list on the 10th September. Z2U is an app based, gig economy, courier service (basically like Uber for parcels) that boasts the likes of DHL, Nespresso and Pact group as corporate clients along with 18,000 active SME clients. The company reported almost m in GMV last financial year and has raised m for business expansion in the IPO. Z2U is also rolling out its own DIY saas platform calledLocate2Ufor small businesses running their own fleets. The strong demand for the IPO, the attractive relative valuation (Z2U has a mkt cap at IPO of m) and the recent challenges of Australia Post to keep ahead of delivery demand during lockdowns (Australia Post,will pause parcel pick-ups) suggest a strong debut. Our other pre-IPO investment that is timetabled to list in the coming month isTouch Ventures (TVL)- the venture capital company backed byAfterpay (APT) (32%) - which has just raised 0m through Bell Potter. TVL has 5 investee businesses including BNPL companies in the UAE (Postpay) and China (Happay). Most significantly, TVL invested USm into Australia Post competitorSendlewhich has made significant inroads in Australia and is looking to expand into the US. Given the huge investor support of Afterpay - additionally so after its deal with Square that sent the APT’s shares 30% higher - another good debut on listing could be expected.