Has anyone else considered the upcoming float for Class Limited, CL1?
It is a cloud based self managed super fund administration tool with a growing rate of customers over the past few years.
Class is chaired by Barry Lambert - founder of Count Financial an accounting/financial planning group which Commonwealth Bank eventually bought for $373M. He is also chairman of Countplus, a listed professional services company that operates a network of accounting firms.
Class Ltd are offering 29M shares @ $1 per share equating to a Market Cap of approx 120M.
My main concern is that one of the main customers - AMP recently switched from Class to a competitor.
Class looks like it has room to grow but can it be overtaken too easily by bigger competitors?
CL1 Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
