Tag: IPO

Mar 16 2018

Zutec raises $5m via Nordic IPO

Shares in the Dublin-based mobile commissioning and handover technology specialist Zutec are now being traded on the Nasdaq First North stock exchange. Ireland-based cloud construction technology provider Zutec has successfully launched its shares on Sweden’s Nasdaq First North stock exchange, raising SEK42.1m (c £3.68m, €4.17m or US$5.14m). Dealings in Zutec Holding AB started yesterday (15 …

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Permanent link to this article: http://extranetevolution.com/2018/03/zutec-raises-5m-via-nordic-ipo/

Nov 14 2016

Bentley and Siemens agree strategic alliance

Bentley alliance with Siemens re-emphasises the importance of the cloud and a “connected data environment”. The recent Bentley Year in Infrastructure conference in London passed with hardly a mention of the Initial Public Offering (IPO) first mooted in July 2015 – on 2 November, for the second year running, CEO Greg Bentley dampened IPO speculation, …

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Permanent link to this article: http://extranetevolution.com/2016/11/bentley-and-siemens-agree-strategic-alliance/

Feb 20 2015

A rosy Aconex financial update

Leigh Jasper

Aconex, which listed on the Australian Stock Exchange in December, has just reported results for the half-year to 30 December 2014. The Melbourne-based SaaS collaboration software business saw total revenues climb 19%, ahead of forecasts, to Au$38.1m (£19.4m or US$29.8m). The company was also ahead of break-even, reporting a Au$0.5m EBITDA, again ahead of its …

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Permanent link to this article: http://extranetevolution.com/2015/02/a-rosy-aconex-financial-update/

Dec 09 2014

Aconex shares slip slightly on ASX debut

Aconex shares dip on their first day of ASX trading. Sally Rose in The Australian Financial Review says Aconex’s “bold decision to downsize its initial public offer has been vindicated as the right call.” Despite lifting on its debut into a falling market, the stock quickly slipped below the offer price (see The Australian too). Shares …

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Permanent link to this article: http://extranetevolution.com/2014/12/aconex-shares-slip-slightly-on-asx-debut/

Dec 08 2014

Aconex to offer free BIM module

Pre-IPO, SaaS construction collaboration technology vendor Aconex is focusing on emerging technology trends, and eyeing potential acquisitions. On the eve of its Australian Stock Exchange debut (post), Melbourne-based SaaS construction collaboration technology provider Aconex has started to look to the next phase in its growth strategy, targeting emerging technology trends, and already eyeing potential acquisition targets. …

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Permanent link to this article: http://extranetevolution.com/2014/12/aconex-to-offer-free-bim-module/

Dec 02 2014

Viewpoint’s 4Projects acquires MCS Priority1

Viewpoint subsidiary 4Projects expands its mobile functionality by acquiring ‘best-in-class’ Mobile Computing Solutions Priority1. 4Projects, the Newcastle, UK-based SaaS construction collaboration subsidiary of Viewpoint Construction Software, has acquired, for an undisclosed amount, Swansea-based construction mobile technology specialist Mobile Computing Systems, developer of the Priority1 site solution. The acquisition was announced to staff and customers yesterday …

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Permanent link to this article: http://extranetevolution.com/2014/12/4projects-acquires-mcs-priorty1/

Nov 21 2014

Aconex’s IPO prospectus reviewed

Aconex prospectus cover

Aconex’s IPO prospectus delivers a wealth of information, but there are some omissions too. I have been browsing through the IPO Prospectus (sent to me – thanks! – by an Australian contact) published on 17 November to support SaaS construction collaboration vendor Aconex‘s on-off-on-again flotation. The exit of private equity partner Francisco Partners is significant, I think, but …

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Permanent link to this article: http://extranetevolution.com/2014/11/aconexs-ipo-prospectus-reviewed/

Nov 20 2014

Aconex IPO signposts VC exit

Aconex’s private equity partner Francisco Partners will exit the business comforted by a US$23.5 million cash compensation payment. The Australian Business Review (see also report by Reuters) underlines one impact of the resurrected Aconex IPO: US private equity firm Francisco Partners will terminate its involvement in the Melbourne-based SaaS construction collaboration technology business, just over six years …

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Permanent link to this article: http://extranetevolution.com/2014/11/aconex-ipo-signposts-vc-exit/

Nov 16 2014

Aconex resurrects IPO plans

Aconex IPO reportedly downsized but back on track for a December 2014 ASX listing. Just a couple of weeks after postponing a planned Au$230m initial public offering (IPO) just 24 hours before it was due to publish its prospectus, Melbourne-based Software-as-a-Software construction collaboration technology vendor Aconex is (according to a report by Sally Rose in The Age; …

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Permanent link to this article: http://extranetevolution.com/2014/11/aconex-resurrects-ipo-plans/

Oct 27 2014

Breaking news: Aconex cancels IPO

Just the day before it was due to publish its IPO prospectus, Melbourne-based SaaS construction collaboration technology vendor Aconex is reported to have cancelled the initial public offering planned for November. According to Bridget Carter in The Australian: “… Aconex has cancelled plans for its initial public offering, despite its book build being covered within its …

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Permanent link to this article: http://extranetevolution.com/2014/10/breaking-news-aconex-cancels-ipo/

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