Aussie Broadband confirms preparations for ASX listing
Aussie Broadband Managing Director Phillip Britt today confirmed that the company is in the midst of a pre-IPO capital raising in preparation for listing on the ASX next year.
News of the raising was leaked to the Australian Financial Review today.
Phil confirmed that the company is aiming to list on the ASX, and that its pre-IPO capital raise has been extremely successful.
“We’re disappointed to see it leaked, as that’s not the way we do business – we prefer to be open and transparent once the deal is done,” he said.
“However, we’re happy to confirm that this is the path Aussie Broadband is taking.”
Phil moved immediately to scotch speculation that Aussie Broadband will start off-shoring its call centres or other operations.
“Investors have decided to support us for good reason,” he said.
“Aussie Broadband has consistently shown that we can change the telco game in Australia over the last three years; it’s a philosophy that we bring to everything we do, and listing will be no different.
Phil said the pre-IPO phase gives the company the capital to continue its strategy and bring even more products and services to the market.
“To date, we have invested heavily from our own pockets and with a small amount of debt.
“We’ve shown we can manage rapid growth and still maintain our service and experience.
“Having access to $25m in the bank certainly opens up possibilities for us to grow and expand.
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