Start-up hopes to raise $16m with IPO

Thomson Geer has advised a smart home products and services company on the launch of its initial public offering.

Lara Bullock • 10 November 2015 • Big Law

Firms: Thomson Geer (Koolsee New Media Group)

You’re out of free articles for this month

Username or Email

Password Forgot password?

Keep me signed in on this device.

First Name

Last Name

Mobile

Organisation Type

By becoming a member, I agree to receive information and promotional messages from Lawyers Weekly. I can opt out of these communications at any time. For more information, please visit our Privacy Statement.

Need help signing up? Visit the Help Centre.

Deal: Koolsee New Media Group launched its IPO, hoping to raise up to $16 million.

Value: $16 million

Area: IPO

Key players: The Thomson Geer team comprised corporate partner Jason Marcus (pictured) and lawyer Eunice Leung.

VIEW ALL

Deal significance: Koolsee New Media Group, which has recently lodged its prospectus with ASIC, is a start-up that provides smart home products and services.

The offer opened on 2 November and will close on 7 December, with trading expected to begin on 21 December.

Koolsee will commence business in the China market, where demand for its products and services is high.

If the offer is fully subscribed, the company will offer 16 million shares at $1 per share. The suggested market capitalisation will be approximately $220 million.

Novus Capital Limited acted at the financial adviser, lead manager and the sponsoring broker for the deal.

You need to be a member to post comments. Become a member for free today!

Lawyers Weekly - legal news for Australian lawyers

SECTIONS

MORE

Start-up hopes to raise $16m with IPO

OUR PLATFORMS AND BRANDS

EVENTS AND SUMMITS

PODCASTS

LEARNING AND EDUCATION

MOMENTUM MARKETS NETWORK

LINKS

STAY CONNECTED