We are pleased to have advised Wellington based Volpara on the NZ law aspects of its IPO on ASX. Volpara, which provides digital solutions to improve clinical decision making for detection of breast cancer, raised $10million.
Whilst equity markets continue to be volatile, some ASX listed small-cap tech companies have been outperforming other sectors. It would be great to support the NZX, but the ASX currently has a much deeper pool of wholesale investors willing to invest in software and tech businesses, and specifically in Volpara’s case, digital health.
In January of this year, it was reported that technology businesses made up 20% of new listings on the ASX during 2015, up from 16% the year before, raising over AUS$1.5 billion. Aside from New Zealand, the market has attracted technology companies from other jurisdictions which do not have a track record of listing tech startups, for example Singapore.
If you are interested in discussing the possibility of an ASX listing for your tech company, send Lee Bagshaw an email.
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