Technology Investing News

Animoca Brands to Acquire nWay For AU$11.4 Million

Animoca Brands (ASX:AB1), esports and gaming company announced that it will acquire nWay, a San Francisco-based gaming company for AU$11.4 million. nWay publishes Power Ranger Legacy Wars, with license rights from Lionsgate and Hasbro. The company reported unaudited revenues for the first eight months of 2019 reaching AU$10.2 million.

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nWay, based in San Francisco, has published the Power Rangers: Legacy Wars mobile game, with over 50 million downloads worldwide.

Technology Investing News

BuildingIQ Announces AU$1.06 Million Private Placement

BuildingIQ (ASX:BIQ), a clean energy technology company announced that it has completed a AU$1.06 million private placement. Funds raised are slated to be used across its Greenfield projects.

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Amid a construction boom, BuildingIQ plans to use funds for its greenfield projects as it continues to reposition itself into new markets.

Technology Investing News

MoneyMe Completes AU$45 Million IPO, Loan Originations Up

MoneyMe (ASX:MME), a fintech firm that services alternative loans completed its first day of trading on the Australian Stock Exchange in a AU$45 million initial public offering (IPO). The company’s gross loans originations were up 60 percent compared to the same time last year. in its first quarter of 2020 financial results.

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The consumer credit firm launched on the ASX on Wednesday (December 11) after reporting a 60 percent increase in loan originations.

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Australia Tech Outlook – Big Global Names and Home-grown Startups

The wave of initial public offerings that swept Australia’s tech industry in late 2020 is expected to continue well into 2021. The Australian Financial Review reported that a number of Australian tech companies are on the path towards a "likely listing" for 2021.

Our FREE outlook report on the Australian tech market is new for 2021! This INNvestor Report is sure to offer you beneficial and informative data on this exciting market so you’re ready to invest.

Table of Contents

  • The Future of Tech in Australia
  • Tech Unicorns in Australia
  • 5 Best ASX Technology Stocks

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Technology Investing News

Nitro Software IPO Raises Over US$110 Million

Nitro Software (ASX:NTO), PDF and esignature software firm held its initial public offering (IPO), raising AU$110.2 million. Shares had a price of AU$1.72, opening at AU$1.65 and closing at AU$1.52 in its first day of trading.

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In its first day of trading the PDF software firm shares dropped from AU$1.65 to AU$1.52. The firm will trade under the ticker ‘NTO’.

Technology Investing News

Netlinks Boosts Share Placement to AU$4 million

Netlinks (ASX:NET), cloud security company announced that it has raised its share placement to AU$4 million. The company is issuing ordinary shares at a price of AU$0.13 for the development of an IoT lab in Tokyo and its joint venture with iSoftStone in China.

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The cloud security company’s shares have skyrocketed over 415 percent year-to-date, from AU$0.03 to AU$0.16 as of Tuesday (December 10).

Technology Investing News

Afterpay Touch to Commence Share Purchase Program

Afterpay Touch (ASX:APT), a fintech firm announced an update on its share purchase program (SPP). The company had originally announced the the AU$30 million program in June, but had deferred the SPP following the request of the ASX to appoint an auditor to the transaction. On November 25, the company received a favourable report from an auditor and will now commence the SPP. Shares will be issued at AU$23, at a limit of AU$30 million.

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With over 149 percent gains year-to-date, the fintech firm is issuing a share purchase plan at AU$23 a share, capping at AU$23 million.

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