Bartercard Initial Public Offering (IPO)
Information on the Bartercard IPO and ASX listing
From August 4 until August 28, BPS Technology’s Initial Public Offering (IPO) allows the public to buy into $28 million worth of shares at $1 each. This is open to Australian and New Zealand residents, and is monitored securely by Lead Manager company Patersons Security Limited.
The IPO is expected to see a fantastic boost for Bartercard, with predictions for the trading network to see more than 160,000 cardholders over the next 5 years. It also creates a foothold for Bartercard to be launched into the listed environment.
Further benefits will be felt by some of BPS Technology’s other subsidiaries, including funding for the new venture TESS, a cloud-based software platform, and continuing to grow Bucqui.
The Bartercard IPO will conclude on August 28, and will be listed on ASX from September 4.
Learn more by reading BPS Technology’s Prospectus.