One of the better IPO’s listed this year. No hype, gimmicky tech...

One of the better IPO’s listed this year. No hype, gimmicky tech ipo. Revenue making profitable business. I hear management were conservative , using existing cash flow and profits to grow the business slowly but feel time is no right to expand into new verticals after making head way in the US.


Current business
Solid company with its IP based in sensitive, bespoke weighing solutions in healthcare, retail machines like checkouts and scales. Already have huge clients all over the world .



IPO funds use ?
Funds raised will be to expand product offering into new vertical for their IOT suite of products like vending machines and smart shelves with large retail giants. Have 3 trials currently due for completion with global retail giants . I think we should find out if they win atleast one contract by the end of the year .


IPO - register
All management stock escrowed for 12 months with barely 21% of stock available for trade. All performance shares linked to winning sales contracts.110 mil shares locked up out of 139 mil shares . This will fly on any news.