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23/02/18
13:02
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Originally posted by lifeguard22
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For what it’s worth, it is extremely unlikely that the tech startup I’ve founded will list on the ASX. Listing costs and legal complexities aside, it’s something that just doesn’t appeal to me or the other founders: it comes with a lot more pressure and public scrutiny, the very real chance that an announcement will be misinterpreted and send the stock wildly one way or the other, and then there’s the issue of being lumped in with some of the other listed companies who are engaging in very dubious practices. No thank you.
We will seek private funding and then if we get to the scale where we’d consider an IPO, we’d likely opt for the NASDAQ to leverage the exposure available in the much more active US investment community.
One of the disappointing things about that course of action, is that it would mean we’d miss sharing the success of the company with a wider Australian audience. And that would be a real pity. I’m not a die-hard patriot, but I do believe strongly that we should foster and encourage homegrown (community-driven and shared) success stories. I’m not going to completely rule out listing here.. but gees.. not in this current environment.
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Yes, the good Australian tech startup companies tend to get bought up by Google or some similar giant before they even really take off. Going public in usually not part of the business plan.