Australian IT research company Ideas International intends to raise $4 million ahead of listing on the Australian Stock Exchange next month.
Following approval by the Australian Securities and Investments Commission, Ideas registered its prospectus with the ASX on last Friday.
According to its prospectus, Ideas is offering for subscription three million new and one million existing shares at an issue price of $1 to raise $4 million.
Upon listing on the ASX, Ideas will have a market capitalisation of $12 million at the offer price. Existing shareholders will hold eight million shares, or 66 per cent of the total issued capital.
The offer will be open on February 19, and is due to close no later than March 12 at 5pm.
Proceeds of the offer will be used to fund further expansion plans, develop new products, and increase the company's presence internationally.
The company now derives 99 per cent of its revenue from outside Australia, is headquartered in Sydney and has offices in the UK, and US.www.ideasinternational.com
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Ticked Off at Tick the Box Mentality 04/02/2008 13:01:15
Does your executive search firm know the difference between an MIS manager and a CIO, and if it does, can it explain that difference to its corporate clients?Does your executive search firm know its MIS managers from its elbow? Does it even know the difference between an MIS manager and a CIO, and if it does, can it explain that difference to its corporate clients?
Discover how SOA can create smarter outcomes for your business.
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Computerworld Live Podcast #97: The Future of Enterprise Networking 25/07/2008 09:45:36
This week CW Live chats with Mark Thompson, global sales and marketing manager for HP ProCurve, on the future of the enterprise networking. Mark discusses the trends we can expect to see in the near future and how the right infrastructure can ensure your enterprise network is secure. - +
Computerworld Live Podcast #96: Security at the Edge 11/06/2008 09:22:22
CW Live speaks with Amol Mitra, HP ProCurve Director of Marketing for Asia Pacific and Japan. Today's topic: how enterprises are starting to shift away from simply controlling security via server logins, firewalls and moving to more adaptive security frameworks. - +
Data Management Edition #10: Multi-Petascale Systems 02/05/2008 09:12:33
This week we look at sustainability and the development of multicore technologies to build multi-petascale systems. - +
IT Security Edition #11: How to poison the Storm botnet 01/05/2008 08:51:55
This week CW Live presents a case study on how to poison the notorious Storm botnet . Plus we take a look at Cisco's plans for Ironport. - +
IT Security Edition #10: Cyber-battles fought and won 24/04/2008 11:09:47
Vendors bow to end user pressure to improve product security, and we take a look at the latest concepts shaping the cyber-battlefield of the future.
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