IXU 0.00% 1.7¢ ixup limited

For those that are pay walled: IXUP initial public offering...

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    For those that are pay walled:

    IXUP initial public offering closes 'over-subscribed'
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    IXUP founder Dean Joscelyne. supplied
    Big data collaboration firm IXUP closed the books on its initial public offering on Monday, raising $12.5 million.
    The company, which has developed a technology platform that seeks to redefine the way organisations securely collaborate with data, will have a market capitalisation of $31.7 million upon listing.
    It's understood the offer was over-subscribed. Cygnet Capital managed the deal.
    IXUP lodged its prospectus in early October for an offer of 62.5 million shares at an issue price of 20¢ per share.

    The company's board is chaired by former Australian SAP and Oracle chief executive Tim Ebbeck and includes founder Dean Joscelyne and former local LinkedIn boss Cliff Rosenberg.

    IPO proceeds will be used to further develop the IXUP data collaboration platform and drive commercialisation.
    The company is expected to list under the ASX code IXU in mid-November.
 
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