News | < 1 MIN READ | January 1 2016, 09:00:39
ASX in prime position to attract more emerging US tech firms
The chief executive of a digital marketing company backed by Square Peg Capital and Lachlan Murdoch says the Australian Securities Exchange is becoming a viable market for listing emerging US technology firms as the company looks towards an IPO after completing its biggest acquisition.
Rokt, which last month secured the backing of US media giant Time and global investment bank Moelis for its series B capital raising, has just paid $US15 million ($20m) to purchase an Australian start-up called CalReply, a leading online calendar service provider in the US market.
The cash and scrip deal will see CalReply founder and chief executive Brad Lindenberg emerge with a 7 per cent stake in Rokt and a seat on the company’s board.
To read the full article in The Australian, click here.