Bell Gully advises Straker Translations LimitedWednesday, 31 October 2018, 3:46 pm
Press Release: Bell Gully
Bell Gully advises Straker Translations Limited on its IPO and ASX listing
WEDNESDAY 31 OCTOBER 2018
Bell Gully advised Straker Translations Limited on its initial public offering (IPO) and listing on the Australian Securities Exchange (ASX) on October 22.
Straker Translations Limited is a cloud-enabled translation services provider with sales offices across nine countries, including the US, UK and Singapore.
Auckland-based Straker Translations sold 12.2 million new shares and 1.9 million shares of existing shareholders (including Bailador Technology Investments and Milford Asset Management) under the IPO at A$1.51 each.
The IPO raised around A$21.2 million, putting the company’s value at approximately A$89 million.
Straker Translations plan to develop new products, improve marketing and sales and fund future acquisition activity with the proceeds of the IPO.
In the past two financial years, Straker has raised NZ$22.5 million and purchased four overseas companies.
The New Zealand elements of the transaction were led by Bell Gully partner Dean Oppenhuis.
© Scoop Media
Scoop Citizen Members and ScoopPro Organisations are the lifeblood of Scoop.20 years of independent publishing is a milestone, but your support is essential to keep Scoop thriving.
ASX Small and Mid-Cap Conference - Straker Translation (ASX:STG)
We are building on our offering with new In-depth Engaged Journalism platform - thedig.nz.
Find out more and join us:
Scoop Citizen MembershipScoopPro for Organisations
Find more from Bell Gully on InfoPages.
Business Headlines | Sci-Tech Headlines