Maddocks is advising US-based technology company Revasum on its IPO and listing on the Australian Securities Exchange (ASX).
The offer to raise A$30.7 million before fees, is fully underwritten at an offer price of A$2.00 per share. Moelis Australia Advisory Pty Ltd and Shaw and Partners Limited will act as Joint Lead Managers and Underwriters, to the IPO.
Revasum designs and manufactures the equipment needed to power our modern world. Every year, our devices get smarter and smaller. This trend is only possible because of technology called CMP (Chemical Mechanical Planarization) and Grinding, which are used in the semiconductor device manufacturing process. Semiconductors are a key component in almost all modern electronics, including various kinds of communication, mobile phones, computing, internet of things (IoT) enabled devices and automotive components.
Revasum will use funds raised under the IPO to invest in new product development and capital projects and fund expansion including sales and marketing activities, while the ASX listing will enhance Revasum’s profile by becoming a listed company.
Maddocks is advising Revasum Inc. on the deal with a team led by Equity Capital Markets partner Catherine Merity (picture), special counsel Rosamond Sayer and lawyer Jordan Reid.
Law Firms: Maddocks;
Clients: Revasum, Inc.;