SiteSoft – Pre-IPO Update
As a reader of my Opportunities newsletters you will have already received notice of an investment opportunity in SiteSoft Limited, a New Zealand business that’s been providing its customers a SaaS platform and app provider since 2017.
As a reader of my Opportunities newsletters you will have already received
notice of an investment opportunity in SiteSoft Limited, a New Zealand business
that’s been providing its customers a SaaS platform and app provider since 2017.
We already know regulatory standards internationally require a risk management
plan for both employees and sub-contractors; and that SiteSoft’s merge with Lucidity Software of Australia provides one
seamlessly configured system that’s being used throughout New Zealand and
Australia by household names; ranging from SMEs to large enterprises.
You can see my last newsletter on this Offer here, and as result of enquiries received, I
thought I’d better send everyone more information about the business.
- Lucidity is the only H&S software company that has ISO 27001 approval in Australasia; giving it access to Government departments as well as companies listed on the New Zealand and Australian stock exchanges.
- The Covid pandemic and the tragic film industry shooting have made businesses much more aware of their ongoing responsibilities to provide safe work environments.This has increased the pace of new business sales.
- In New Zealand alone they grew new business over 300% in October compared to the year before.
- Every bus and train station in Auckland uses SiteSoft software.
- Everything is in place for SiteSoft itself to list on the ASX via an IPO in early 2022; giving liquidity for investors coming in now at private company pricing.
- There are currently 495,000 users of their combined systems.
An Australasian market
The business has identified the following 6 growth areas in Australia and New
Zealand and internationally:
- Property - Facilities Management for Office & Industry; Body Corporate.
- Construction – building; heavy & civil engineering; construction services.
- Local and State Government.
- Healthcare – hospitals, health care services, residential care
- Aged care and social assistance.
- Content – including film sets
The intention is to list the
Company on the Australian stock exchange next year.
The Offer – Shares in the
Company
The Offer originally considered by the directors was to raise the funds in the
form of Convertible Notes. However feedback from institutional, as well as
private investors, indicated an issue in the form of ordinary shares would be
the preferred form here in New Zealand.
The objective of this Offer is to complete the purchase of the complementary
Australian business, Lucidity Software. This will give SiteSoft the
ability to:
- Accelerate the organic growth and international expansion of the business.
- Prepare the Company for an IPO to raise A$8-$10 million on the Australian Stock exchange (ASX) in the first quarter of next year.
So this is an investment that is predicted to more than double your money - and give you liquidity - on listing.
To find out more, and participate, simply reply to this email, or call me on +64 21 902 901.
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The above investment is not
an offer of financial products that requires disclosure under the Financial
Markets Conduct Act 2013 (Act) and is available only to wholesale investors as
defined by that Act. It is intended for distribution only to selected
people to whom, under the relevant laws, it can be lawfully distributed. It
cannot be distributed in any other jurisdiction, or to any other people. It is
not an offer or solicitations in any jurisdiction in which such offers or
solicitations are not authorised, or in which the person making such offers or
solicitations are not qualified to do so, or to any person to whom it is
unlawful to make such offers or solicitations. Any representation to the
contrary would be unlawful. No action has been taken by any person that would
permit a public offering in any jurisdiction where action for that purpose
would be required.
Cheers
John Paine B.Sc.,
Dip BIA
TBK Capital Limited
Level 10,120 Albert Street
Auckland 1010, New Zealand
Phone +64 9 307 3257
Mobile +64 21 902 901
Email john.paine@tbkcapital.co.nz
For more information, please click the contact button below to send us a message.
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