Freestyle Technology IPO

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    From todays AFR:
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    Macquarie Group-backed software and information technology company Freestyle Technology is calling on brokers to pitch for the company's mooted initial public offering.
    It's understood Freestyle has asked a handful of stockbrokers to pitch for a joint lead manager mandate later this week, as the company prepares to make a run at the ASX-boards. An IPO is slated for the first half of 2016 and the company is expected to have a market capitalisation of about $100 million.
    The move comes only 12-months after Bell Potter Securities raised $15 million in a private placement for the company in a deal valuing Freestyle at about $85 million.
    Freestyle is overseen by chairman Bob Watson, who was formerly chair of SEEK Ltd and a director at Virgin Australia, and chief executive officer Mohan Jesudason who is a former Tabcorp executive.

    Other directors include Freestyle platform founder Andrew Donaghey, former managing partner of KPMG's private enterprise practice Marco Di Sebastiano and Macquarie Capital Principal Investments Group nominee, Mal McHutchison.
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    Any thoughts?  Like OLV, may fly simply on exposure... only 1 case study on their website.
 
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