Bartercard Initial Public Offering (IPO)
All the information you need on the Bartercard IPO and ASX listing
Bartercard is Australia’s largest trading network, and is now set to reach even greater success thanks to the Initial Public Offering (IPO) of parent company BPS Technology. Between August 4 and August 28, Australian and New Zealand residents have the opportunity to purchase shares at a price of $1 each.
28 million shares are available within this initial public offering, which is expected to contribute to a growth of 165,000 cardholders over the next 5 year period and launch Bartercard into the listed environment. Further to that, other BPS Technology ventures will benefit through extra funds, including growing Bucqui and launching new innovation TESS.
With Lead Manager Patersons Security Limited at the helm, this IPO will be an exciting step forward for BPS Technology. It is expected shares will be listed on the ASX and ready for trading as of September 4.
Comprehensive information can be found by visiting this online Prospectus.