Xpon Technologies IPO: How to invest in the tech firm

Highlights

  • Xpon Technologies is going to mark its debut on the ASX on 16 December.
  • The company is targeting to raise AU$10-12.5 million through its IPO. 
  • Sequoia Corporate Finance Pty Ltd is the lead manager of this IPO. 

XPON Technologies is all set to mark its debut on the ASX with a target to raise AU$10-12.5 million through its initial public offering (IPO) at an offer price of AU$0.20 per share. The lead manager of this IPO is Sequoia Corporate Finance Pty Ltd

The company has closed its initial public offering on 29 November and is likely to debut on the ASX on 16 December 2021. 

The Australia based technology company – Xpon, provides next-generation marketing and customer experience through its full-stack technology solutions. Xpon enables various brands to deliver meaningful experiences through its tech-based consultation, strategies, and implementation. 

Xpon is likely to attract AU$48 million pre-money enterprise value and will have a market cap of nearly AU$60.7 on a successful raise of AU$12.5 million in its IPO. In addition, the technology company recorded an annual recurring revenue of AU$11 million in the September quarter, raising more than AU$3 million revenue from June 2020. 

RELATED READ – How to buy an IPO before listing

How to buy Xpon shares after it goes public? 

To buy Xpon shares after it gets listed on the ASX, the investors will require to sign up to a broker with an access to the ASX. 

After that, they will be required to complete an application form giving their personal and financial information like ID and tax file number, after which they can fund their account with a bank transfer or debit card or PayPal. 

Once the trading account is funded, they can search for the Xpon shares by ticker or company names. Moreover, investors can limit orders and delay their purchases until Xpon shares reach their desired price. 

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