Secure2Go Limited, the Australian company which has developed a suite of sophisticated proprietary hardware-software communications platforms for monitoring and managing remote based assets in real time, is closing in on the completion of its Initial Public Offer (IPO) ahead of a planned ASX listing.
The Internet of Things company is seeking to raise A$4 million through the placement of shares valued at A$0.30 per share, with funds earmarked to drive sales and customer acquisition through local and global expansion, accelerated by key acquisitions. To date Secure2Go has received strong support for its IPO, with the Company expecting to close its IPO Prospectus and apply for an ASX listing in the coming weeks.
With a long track record of servicing blue chip clients in the asset management sector, Secure2Go provides a sophisticated hardware-software communications platform for monitoring and managing remote based assets in real time.
The company has a suite of Australian designed and developed products which enable its customers to stay connected with mobile assets, particularly vehicles and boats; provide wearable peace of mind for people, especially employees working in isolated areas; and provide security for assets such as plant and equipment that may be at risk. It is initially accessing multi-billion dollar markets across resources, construction, marine and transportation industries.
“Ultimately we are in the business of providing peace of mind to our customers,” said chief executive officer Wesley Lawrence.
“We are excited about the opportunities that are in front of us and have a pipeline of developments and acquisitions that will see us access further market segments.”
“We are a technology business with a keen focus on sales and profitability and the IPO will fast track our growth and delivery of shareholder value.” Mr Lawrence said.
In addition to utilising its extensive broker networks to raise funds under the IPO, Secure2Go is working with free-access portal OnMarket Bookbuild and investment platform ThunderingHerd.
For further information about the offer please go to www.secure2go.com/investor-centre/ipo/
