Richlink High-Tech Investment Trust invested Activeport gears up for $20m IPO

Last Updated 2 months ago

Richlink High-Tech Investment Trust invested Telecommunications software provider ActivePort is aiming to raise $20 million in an initial public offering on the ASX next month, after closing a $3.9 million pre-IPO round amid an acquisition spree.

The Sydney-based company, which will list with an issue price of about 20ยข and a market capitalisation of between $56 and $61 million, is targeting mining, financial and engineering clients as one way to beef up its $14 million pro-forma revenue.

ActivePort sells software to telecommunications companies, internet service providers and systems integrators.

It is a highly technical product that lets users monitor all aspects of their networks on one screen. This covers transit carriers such as Megaport, cloud providers such as Amazon Web Services and Microsoft Azure, and telco networks.

Reference: https://www.afr.com/technology/activeport-gears-up-for-20m-ipo-after-funding-boost-20210701-p585vf