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Silicon Valley tech company advised on ASX-listing
Maddocks has advised a Silicon Valley-headquartered technology company on its initial public offering and listing on the Australian Securities Exchange.
Emma Musgrave
Firm: Maddocks (Pivotal Systems)
Value: The IPO raised $53.5 million, placing the value of the specialist semiconductor manufacturing company at more than $230 million.
Area: Finance
Key players: The Maddocks legal team was led by partner Catherine Merity, special counsel Rosa Sayer and lawyer Jordan Reid.
Deal significance: Ms Merity said the firm is delighted to have advised Pivotal Systems on its IPO, noting that the venture capital backed company has already received strong interest from Australian investors.
“With the recent uncertainty regarding certain technology companies on ASX, it is great to see such strong demand for an established company such as Pivotal with strong fundamentals operating in the tech sector," Ms Merity said.
“The success of this and other recent IPOs of US companies evidences that an IPO on the ASX is becoming a real alternative for smaller technology companies which do not have the scale to list in the US, providing both a sophisticated market and access to growth capital.”
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
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