Whispir’s A$47 Million Initial Public Offering

HWL Ebsworth has acted for Whispir (ASX: WSP) on its recent initial public offering and ASX listing.

The oversubscribed IPO raised $47 million via the issue of 29.4 million shares at $1.60 each, comprised of a primary raise of $27 million and a secondary sell down by existing shareholders of $20 million. Whispir commenced trading on ASX on 19 June 2019 with a market cap of $163 million.

Whispir is a leading SaaS communications workflow platform that enables organisations to deliver actionable two-way interactions at scale using automated multi-channel communication workflows. The industry-agnostic software platform is used by more than 500 customers across Australia and New Zealand, Asia and North America, including blue-chip companies such as Qantas, NAB, AGL, Telstra, Foxtel and Disney.

Wilsons and Ord Minnett acted as joint lead managers and underwriters for the IPO. Ernst & Young acted as investigating accountant and Deloitte provided tax advice.

The HWL Ebsworth corporate team was led by Sam Dwyer (Picture) and Jeremy McCarthy (Partner) and assisted by Paul Lewis (Special Counsel), Kenneth Lee (Associate), Nick Sitch (Solicitor) and Kris Paltoglou (Graduate Lawyer). Matthew Craven (Partner), Tim Lee (Senior Associate) and Scott La Rocca (Senior Associate) provided technology law advice. Leon Gorr (Partner) has advised Whispir and its founders since its formation in 2001 and provided his support and wise counsel during the lead up to the IPO process and beyond.

Involved fees earner: Matthew Craven – HWL Ebsworth; Sam Dwyer – HWL Ebsworth; Leon Gorr – HWL Ebsworth; Tim Lee – HWL Ebsworth; Paul Lewis – HWL Ebsworth; Jeremy McCarthy – HWL Ebsworth;

Law Firms: HWL Ebsworth;

Clients: Whispir Ltd;

Author: Michael Patrini