Exits

Freelancer’s ASX Debut – Share Price soars 5x on a listing PE of 463 – under or overpriced?

Freelancer made its debut on the ASX last week. Initially listing at $0.50 the company’s share price skyrocketed to $2.60 and finally closed at $1.60. Matt Barrie, the company’s CEO and founder, had announced Freelancer’s intention to list at the Startup Spring Entrepreneurship event. His decision to not sell the

@OzForex, Australia’s biggest Tech IPO for 2013 – text book example of finding & solving a big problem

Late last week OzForex raised $439.4 million by the issue of 12 million new shares and the sale and transfer of 207.7 million existing shares. The float was heavily subscribed by institutional investors. OzForex is an online foreign exchange and global payments provider and a strategic investment of Macquarie Bank, Accel Partners and the Carlyle Group. OzForex

Connect2Field acquired by UK public company Fleetmatics

Melbourne based Connect2Field has been acquired by Fleetmatics PLC. Connect2Field was founded by CEO Steve Orenstein in 2009, who funded the development of the platform by providing web development services to small and medium businesses. The platform provides a streamlined experience for businesses who manage field workers and can allow office

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