Simble Solutions Limited’s $7.5 million Initial Public Offering

Hogan Lovells advised Simble Solutions Limited, an Australian enterprise Software as a Service company focused on business and resource management, on its successful initial public offering and listing on the Australian Securities Exchange.

The company successfully raised $7.5 million in a heavily oversubscribed offer at an issue price of 20 cents.

The funds raised will be used to accelerate the commercialisation of the company’s Simble Energy solution, a real-time energy visualisation and analytics platform designed for energy saving management. Simble also provides a suite of white label business automation and collaborations tools under its Simble Mobility solution.

Simble Solutions Limited operates as an enterprise software as a service company. The Company develops a business and resource management solutions that helps businesses to automate, mobilize, monetize, control, and visualize their operations. In 2017 Simble Solutions recorded $2.3 Million Revenues.

This work was lead out of our Australian practice by corporate partner Matthew Johnson (Picture) and associate Xavier Keary.

Involved fees earner: Matthew Johnson – Hogan Lovells; Xavier Keary – Hogan Lovells;

Law Firms: Hogan Lovells;

Clients: Simble Solutions Limited;

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Author: Michael Patrini