Californian tech company coming to the ASX

By Grace Ormsby|14 November 2018

Maddocks has advised US-based technology company Revasum on its initial public offering and listing on the Australian Securities Exchange.

Firm: Maddocks (Revasum)

Deal: Maddocks has advised technology company Revasum on its IPO and listing on the ASX.

Value: $150 million market capitalisation and $30 million offering


Area: Corporate

Key players: Maddocks’ core team consisted of equity capital markets partner Catherine Merity, special counsel Rosamond Sayer and lawyer Jordan Reid.

Deal significance: Revasum is a California-based semiconductor manufacturer.

The prospectus for the company’s Australian listing went live last week, with the listing to occur in early December, at a market capitalization of $150 million.

The $30 million offering is fully underwritten by Moelis Australia and Shaw and Partners.


It is the second listing for a US-based technology company that Maddocks has advised on this year.

Lead partner Catherine Merity said both listings show that despite recent market uncertainty for Australian IPOs, there is “still demand for companies with strong fundamentals.”

“The ASX is pitching itself as a destination for tech companies from around the world to list and this is further proof that that pitch is a good one,” she stated.

Ms Merity was part of an ASX delegation to the US in October, “to pitch the ASX as a destination for investment.”

“The feedback we got was very positive,” she reflected.

Californian tech company coming to the ASX
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