ikeGPS has confirmed it will seek to raise $25 million with an IPO (see the prospectus here).
The Wellington tech company will offer 22.7 million new shares (representing 45.4% of total shares) at an offer price of $1.10 a share, implying a market cap of around $55.1 million.
A broker
Want to read more? It's easy.
Choose your best value subscription option
Individual
Group membership
NBR Marketplace
Yearly Premium Online Subscription
NZ$499.00 / yearly
Monthly Premium Online Subscription
NZ$44.95 / monthly
Smartphone Only Subscription
NZ$24.95 / monthly
Premium Group Membership 10 Users
NZ$350+GST / monthly
$35 per user - Pay by monthly credit card debitPremium Group Membership 20 Users
NZ$600+GST / monthly
$30 per user - Pay by monthly credit card debitPremium Group Membership 50 Users
NZ$1250+GST / monthly
$25 per user - Pay by monthly credit card debitPremium Group Membership 100 Users
NZ$1875+GST / monthly
$18.75 per user - Pay by monthly credit card debitYearly Premium Online Subscription + NBR Marketplace
NZ$499.00 / yearly
Already have an account? Login
Chris Keall
Tue, 24 Jun 2014
Tue, 24 Jun 2014
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
ikeGPS confirms $25 million IPO details; CEO on where money will be spent
39037