Bartercard’s IPO & ASX Listing
The latest on the BPS Technology’s Initial Public Offering (IPO)
Since August 4, BPS Technology has been making available an Initial Public Offering of 28 million shares, being sold at $1 per share. This is open to both Australian and New Zealand residents, and is set to make a fantastic impact on Bartercard.
How so? Firstly, by offering a foothold into launching Bartercard into the listed environment. Secondly, by seeing an increase in a projected 165,000 cardholders, over the next 5 years alone.
Other ventures of BPS Technology are set to see benefits as well, with the IPO providing additional funds to aid in the launch of new cloud-based software TESS, and growing existing platform Bucqui.
Patersons Security Limited is the Lead Manager for this IPO, which will run between August 4 and August 28. An ASX listing should appear on September 4, ready for shareholders to start trading.
Check out our Prospectus to find out more.