NXL chart, page-5

The December 31 Update from OC Funds includes their take on NXL ...
So FWIW to anyone (like me) who wants a quick introduction to this very new listing ....


cheers


https://www.ocfunds.com.au/wp-content/uploads/2021/01/201231-OC-Dynamic-Equity-Fund-Fund-Update.pdf

Recent listing Nuix (NXL, +55.4%), was a solid contributor during the quarter, albeit it was a relatively small position in the Fund due to the difficulty of securing a reasonable size IPO allocation.

NXL is a provider of investigative software which enables indexing, searching, analysing, and extracting knowledge from unstructured data sets and documents.
It has applications that include digital investigation, cybersecurity, e-discovery, information governance, and email migration and privacy.

NXL helps customers in the advisory, government, corporate and legal sectors globally, with the Asia Pacific region contributing a relatively small 20% of revenue.
The technology has been developed over the last 15 years since the original core algorithm was developed by Australian National University (ANU) for a government department.

NXL has since assisted customers tosolve complex document and data challenges such as investigations related to the Panama Papers and the Hayne Royal Commission.

We believe NXL has multiple avenues of potential business growth with both new and existing customers, including the development of new use cases, as well as opportunities for partnerships and acquisition opportunities in adjacent areas.
As such, we remain shareholders despite the strong share price performance.