Hi Guys, thoughts on this one? Technology IPOs always excite me so I am already IN on this one.
Sequoia Corporate Finance Pty Ltd (Lead Manager).
XPON is a founder-led Marketing Technology and Cloud Business providing mission critical services and software solutions to corporate and mid-tier enterprises in Australia, New Zealand, the United Kingdom and Europe
The Offer comprises a capital raising of between $10 million and $12.5 million, by way of an issue of between 50,000,000 and 62,500,000 Shares at $0.20 per Share.
In total, 165,142,048 of the 291,126,761 (56.72%) to 303,626,761 (54.38%) Shares on issue on completion of the Offer are anticipated to be subject to escrow arrangements. Approximately 157,284,470 of the Shares subject to escrow arrangements are held by the Directors and members of senior management, representing between 54.03% and 51.8% of Shares on issue following completion of the Offer. The Company’s free float on completion of the Offer and admission to the ASX is expected to be between 125,984,713 (43.27%) and 138,484,713 (45.61%) Shares.These numbers are indicative only and the total number of Shares subject to escrow restrictions will be announced prior to Shares commencing trading on ASX.
