Silicon Valley tech company advised on ASX-listing

By Emma Ryan|03 July 2018
ASX

Maddocks has advised a Silicon Valley-headquartered technology company on its initial public offering and listing on the Australian Securities Exchange.

Firm: Maddocks (Pivotal Systems)

Advertisement
Advertisement

Deal: Pivotal Systems has listed on the ASX and launched its IPO.

Value: The IPO raised $53.5 million, placing the value of the specialist semiconductor manufacturing company at more than $230 million. 

SPONSORED CONTENT

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.”

Silicon Valley tech company advised on ASX-listing
Intro image
lawyersweekly logo
SME Law

latest

Tasmania Hobart

Tasmanian government advised on delivery of multi-agency government radio network

e-mooting

Law students take e-mooting ‘Team Australia’ to Japan

Lessons from 2020 that can improve the legal landscape

Lessons from 2020 that can improve the legal landscape

Skip Capital advised on investment in ZeroCo

Skip Capital advised on investment in ZeroCo

FROM THE WEB
Recommended by Spike Native Network