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Dona Ferentes

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Activeport Group Ltd (ATV) is gearing up for a late September 2021 IPO.

White label software for Telcos, ISPs and System Integrators:
"Simply better SD-WAN 2.0 and whole network orchestration from an Australian software company. Telcos and system integrators can add their choice of low cost hardware, brand the SD-WAN as their own, and sell a more affordable solution."

Listing date27 September 2021 11:30AM AEST ##
Contact detailshttps://www.activeport.com.au/
Ph: +61 8 9278 2500
Principal ActivitiesComputer Services
GICS industry groupTBA
Issue PriceAUD 0.20
Issue TypeOrdinary Fully Paid Shares
Security codeATV
Capital to be Raised$15,000,000
Expected offer close date6 September 2021
UnderwriterNot underwritten. Bridge Street Capital Partners Pty Ltd (Lead Manager)
 

Dona Ferentes

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from an AFR article found on the Activeport website

Magnolia Capital Group has come on board as a cornerstone investor in telecommunications software provider ActivePort and its initial public offering, which has already exceeded its $10 million minimum capital raise. The company, which provides SD-WAN orchestration software to telecommunications companies, internet service providers and systems integrators, is now targeting $15 million, with the raise priced at 20¢ per share.

At the maximum raise, the market capitalisation of ActivePort will be $52 million.

The lead managers ... have been emphasising ActivePorts similarities to Megaport, which has a market capitalisation of $2.6 billion, having had an almost 600 per cent share price jump in the last five years.

The white label cloud connectivity provider is run by telco veteran Karim Nejaim, who was most recently head of product engineering at Telstra.

Its software is used by customers to manage all aspects of their global data networks on one screen. This covers transit carriers such as Megaport, the big cloud providers and also telco networks. It has customers across South America, Southeast and Central Asia.

We are strong supporters of its unique single pane orchestration tool that matches the worlds best SD WAN providers during a time when efficiency and choice is at the forefront of individuals minds, Magnolia Capital chief investment officer Mitchell Atkins said
 

Dona Ferentes

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nearly 4 weeks late in making it to the boards ....... Day One on the ASX for ActivePort: opened at 20c, traded between 21c and 19.5c all day, which is where it ended up

(The lead managers ... have been emphasising ActivePort's similarities to Megaport, which has a market cap of $2.6 billion, having had an almost 600 per cent share price jump in the last five years...) (lol).
 
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