IXT Stepping Towards ASX Listing


IXT Limited (ASX: IXT) will soon be getting listed on ASX. In a recent interview, the Managing Director, Holly Grofski discussed the company where she highlighted the operational and distributional services of the company, their strategy, size of the market opportunity and its upcoming IPO.

The interview begins with an introduction of the company to the audience. Holly Grofski explained the full form of IXT which is “Intelligence Times Technology”. The reason being, that the company is targeting fund managers and financial services company whom they are going to provide software and software-enabled services. These software’s will enable these fund managers to either introduce a new fund into the market or access the already existing funds. The solutions provided by these softwares will be a combination of intelligence and technology. Now, the company will soon be getting listed on ASX for which they are raising capital worth $7 million. 

Holly Grofski, also highlights that the fund management business is of $1.6 trillion which is increasing 10% year to year basis. She claims this amount on the basis of IBIS reports. She finds that Australia fits best in this industry due to the strong and healthy regulatory administration.

Grofski predicted the upcoming challenges to the fund managers apart from the growth of the company. One of them is the adoption of that technology, which she finds to be crucial. She also highlights, there is a tough competition amongst a lot of ETF funds and other funds which has low cost across the world. There is an immense pressure in terms of cost vs performance from traditional investments which has shown a negative performance since the last 10 years and is expected that further challenges will come in upcoming years. Keeping these upcoming challenges in mind, the company has introduced innovative products for those customers who need it.

The company has also purchased two businesses, GFM Management, and a pure fund administrator FUND.ID.

She also highlights the strategies of the company, where a focus was given to those fund managers who wanted to limelight their product into the market, which is their USP. Now, this is being integrated with the end-to-end STP (straight through process) where fund managers can reach to clients and also make offers and even distribute services to them.

When she was asked about the IPO, she said that they have targeted to raise a minimum of $3.7 million and a maximum of $7 million where each share will be of 20 cents. This will result in the market capitalization in the range of $18 million to $20 million. These raised amounts will be utilized in the R&D of the technical team which will give a technical edge amongst the competitor. She also feels that those investors who really want to invest will experience significant growth in their investments within 2 years as she believes that IXT provides features associated with both financial services as well as Regtech robust processing systems.


This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.

Join Our Discussion

Start discussion with value Investors for ASX Stock Market Investment and Opinion.

6 Cannabis Stocks under Investor’s Limelight…

Cannabis companies that sell both medicinal weed and recreational pot. Marijuana stocks to look at. Marijuana mergers and acquisitions. Dispensary data analytics. Upcoming marijuana IPO’s Those phrases have become increasingly common as marijuana legalization spreads.

Global spending on legal cannabis is expected to grow 230% to $32 billion in 2020 as compared to $9.5 in 2017, according to Arcview Market Research and BDS Analytics. As of June 29, 2018 the United States Marijuana Index, despite a lot of uncertainty around regulations, has over the past 1 year gained 71.49%, as compared to about 12% gain seen by the S&P 500.

Click here for your FREE Report