Hiremii Limited IPO (Sandton Capital)

Anyone participating in this one?

$6million IPO: Seeking to raise 30 million shares at 20 cents

Business Summary:

Hiremii is an all-in-one recruitment, onboarding and payroll platform, reducing clients' admin, costs and risk.

• Unique, proprietary & technology driven with AI and machine learning capabilities
• Large target market of over $40B in Australia alone, strong trend towards contracting instead of full-time employment
• Strong growth
  • Delivered 620% growth in revenue to $6.2M in FY20
  • Strong contracted client list with significant opportunity to grow in addition to solid pipeline
• PWC Master Service Agreement and Align Program Member
• Tier 1 clients including UGL, PWC and others
• Experienced board including David Buckingham and Alison Gaines
• Attractive valuation: EV/FY20 Revenue = 1.24x