Industry rumours suggest Melbourne, Australia-based SaaS construction collaboration technology vendor Aconex may be listed on the Australian Stock Exchange in November, with road shows underway this month (according to The Australian). Talk of a possible IPO first emerged in mid-July (post).
Australian publications are suggesting investment banks Macquarie and UBS will take the company to the analyst road show in late September and the management road show in mid to late October. The book build is slated for late October, but the size of the offer has yet to be disclosed.
The company apparently received favourable feedback from a non-deal road show in July, especially with Asian investors who liked the story of taking Australian expertise global. Aconex has expanded aggresively overseas, with a strong push in north America in recent years.
Update (7 October 2014) – Australian newspapers have been speculating that the IPO will value Aconex in the range of AU$400m-AU$700m, with founders Leigh Jasper and Rob Phillpot retaining a minimum 15% stake (see also this Smart Company article).