Street TalkIPO hopeful Whispir valued at up to $213 millionSarah Thompson and Anthony MacdonaldMay 1, 2019 — 4.55pmWilsons has kicked off an initial public offering marketing campaign for cloud-based communications company Whispir, valuing the business at up to $213 million.Keen to tap into investor demand in a spate of recent software IPOs, Wilsons sent analyst reports to fund managers this week to launch the deal.Wilsons analysts Mark Bryan and James Bradley told clients: "[Whispir's] tools connect businesses and people unifyinf various messaging systems: SMS/MMS, voice, email, web, scoial media and app alerts into one platform.""The addressable market is significant and the revenue model is subscription based, providing forecast visibility and operational leverage."The analysts valued the company at $141 million to $213 million on an enterprise value basis.The valuation was based four-to-six-times EV/revenue, based on 2020 financial year forecast revenue.Whispir is expected to seek to raise about $50 million for its IPO.Fellow lead manager Ord Minnett has also started pitching the deal to clients.The analysts are expected to meet funds next week, before Whispir management makes its pitch.
