Login
SiteMinder lists on ASX
Open hotel commerce platform SiteMinder has been successful on its IPO and ASX listing with assistance from Gilbert + Tobin.
Naomi Neilson
Firm: Gilbert + Tobin (SiteMinder)
Value: Raised $627 million and debuted on ASX with $1.36 billion market capitalisation.
Area: IPO.
Key players: The team was led by partners Costas Condoleon and Adam D’Andreti, with support from lawyers Wes Bainbridge, Kevin Zhou, Jessica Liang, Arda Reznikas and Maria Bletsas. Other lawyers across the firm also assisted.
Deal significance: SiteMinder’s platform empowers hotels and accommodation providers to sell, market, manage and grow their business from one place and is ranked among technology pioneers for opening up every hotel’s access to online commerce. In the year prior to the pandemic, SiteMinder generated more than 100 million reservations worth over US$35 billion in revenue for hotels.
Commenting on the deal, Mr Condoleon and Mr D’Andreti said: “SiteMinder is a brilliant success story of Australian innovation and demonstrates that Australia can produce global market-leading technology companies.
“Its IPO and successful debut on ASX’s boards reflects the market’s confidence in the business. It was our pleasure to have advised them on this significant milestone, and we look forward to watching the team to succeed.”
Naomi Neilson
Naomi Neilson is a senior journalist with a focus on court reporting for Lawyers Weekly.
You can email Naomi at:
