ikeGPS confirms $25 million IPO details; CEO on where money will be spent

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 offer, managed by Deutsche Craigs  and Forsyth Barr, is expected to open July 1 and close July 21.

 

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