Audinate on the rise after IPO News30 Jun 2017

Australian audio tech outfit Audinate appointed Shaw and Partners as Sole Lead Manager and Underwriter to their recent IPO. Shares commenced trading on the ASX on 30 June 2017 and were up 25% from the subscription price at $1.53 per share at the close.

 

Audinate raised $21m at $1.22 per share, predominantly raising capital to expedite the growth trajectory of the business. The IPO was priced at 3.1x FY2018 revenue and 4.1x FY2018 gross profit.

 

Audinate is the leading provider of professional digital audio networking technologies globally.

 

Audinate's Dante platform distributes digital audio signals over computer networks, and is designed to bring the benefits of IT networking to the professional AV industry.  

 

Dante is used in over 1,100 professional audio products manufactured by market leading brands including Yamaha, Bose, Bosch, Shure and Sennheiser.

Related Articles
News12 Jul 2018 Shaw and Partners appointed Co-Manager to the WCM Quality Global Growth Fund launch
WCM Investment Management Limited (WCM) has announced the launch of the WCM Quality Global Growth Fund.  The Fund will be quoted on the ASX AQUA Market under the stock code WCMQ. ... Read More
News03 Jul 2018 Shaw and Partners congratulates Australian Michael Booth on winning the 2018 Euro Tour
Michael Booth finished second in the Mercedes-Benz SUP World Cup race in Scharbeutz, Germany to secure the 2018 Stand Up Paddleboard (SUP) European Tour for the second year running... Read More
News02 Jul 2018 Pivotal Systems Corporation IPO
Shaw and Partners acted as Joint Lead Manager along with Moelis Australia for PVS’s $53.5 million initial public offering (IPO) with a listing market capitalisation of $233.2 milli... Read More
News02 Jul 2018 Shaw and Partners nominated as a finalist for the IMAP Managed Accounts awards
Shaw and Partners is pleased to announce that it has been nominated as a finalist for the IMAP Managed Accounts Awards for the Australian Equities category.   The IMAP Managed Ac... Read More
A - Z  % Change  
{{data.Symbol}} {{data.CompanyName}} {{data.Close}} {{data.AsAt | date :'shortTime'}} {{data.Movement | number : 2}} {{data.MovementPercent | number: 2}}%