Aussie tech IPO rush extends to NSX
A boom in new listings from early-stage technology players on the Australian Securities Exchange is extending to the National Stock Exchange – a smaller, lesser-known, rival local course that targets emerging companies.
On Friday, Malaysia’s AdvanceTC became the biggest technology company ever to list on the NSX.
Shares were priced at 55¢ each, valuing the company by market capitalisation at $165 million. AdvanceTC is a research and development phase company with big ambitions to manufacture and take to market a three-in-one laptop.