Nuix to brief analysts on IPO Software company Nuix is expected to brief analysts this week for its initial public offering.
The analyst research meetings for the company are set to take place with investors in the first week of next month.
The management roadshow will occur in the following week before the company lists in the first week of December.
Nuix has so far proved to be attractive to institutional investors, subject to price, and now looks almost certain to be heading for a float through Morgan Stanley and Macquarie Capital rather than a trade sale, despite earlier buyer interest.
This comes as technology stocks remain in favour in the equities market amid the COVID-19 pandemic. The global investigative analytics and intelligence software company, which is part-owned by Macquarie, is understood to generate $176m of annual revenue.
Expectations have been that Nuix will be looking for a price that equates to about 10 times its revenue.
