Listing via a RTO of Stemify
Telco is still one of the hottest sectors on the ASX.
Swoop is a telco services provider and owns its network of fixed wireless broadband infrastructure and operate independently of the NBN.
Target market is East and West coast areas.
James Spenceley is the Chairman, ex CEO Vocus and Tony Grist on the Board, ex founder and Chairman of Amcom.
1HFY21 $15m revenue and $2.3m ebitda with zero debt.
5GG would be the most similar comp. FY20 revenue $5m and operating at a loss. IPO MC $65m now $205m.
Other comps are the much larger ABB MC $520m, Spirit and Over the Wire.
