"Bevan Slattery-backed IPO hopeful AUCloud is looking to hit the ASX boards on the first Monday of December. Data centre services provider AUCloud has launched its IPO. The company's brokers Canaccord Genuity and Morgans fired off deal terms to fund managers on Monday morning for AUCloud's IPO and were calling for bids by 5pm on Wednesday. The data centre services outfit was looking to raise $20 million at 75¢ a share, which implied a $74.7 million market capitalisation, according to terms sent to funds. Money raised would be used to help grow AUCloud's customer base, as well as to hire new staff, finance lease payments and for general working capital. Funds were told that Canaccord and Morgans intended to underwrite the offer."
