Shaw and Partners successfully raises $30.7 million for Revasum News04 Dec 2018

Shaw and Partners successfully raised $30.7 million for Revasum, which today listed on the ASX under code ASX:RVS.

 

The deal was strongly supported by both institutional and retail investors.

 

Revasum is a Californian based firm that manufactures equipment to make microchips used in mobile phones, cars, and internet-connected devices. Its technology enables manufacturers of semiconductor substrates and devices to reliably produce at higher yields and lower costs to their competitors.

 

Strong quarterly results from international semiconductor (SC) companies and evidence of ongoing capex growth (memory and other SC’s) provide a solid backdrop for investors in the increasingly broader ASX SC sector.

Since pricing the deal / placing RVS, the semiconductor industry has rallied 13.5%.

 

Revasum has recently made an announcement highlighting the following:

  • 100% of forecast system revenue for the 6 months to 31 December 2018 has either been shipped, or is under purchase orders (with deposits paid) and due to be shipped, prior to 31 December 2018.
  • 63% of 1H 2019 forecast system revenue now under confirmed purchase order, versus ~50% at Prospectus date
  • Revasum has recently been selected as the strategic partner for Silicon Carbide production by major semiconductor device manufacturer – a key endorsement of Revasum’s technical expertise

 

As Corporate Adviser to Revasum, Shaw and Partners looks forward to working with Revasum in the future.

Related Articles
News15 Jan 2019 Shaw and Partners officially launches the inaugural Shannon Eckstein Ironman Classic
Yesterday, we were joined by Ironmen and Ironwomen heavy-weights Shannon and Caine Eckstein, Ali Day, Courtney Hancock and Georgia Miller to launch the inaugural Shaw and Partners ... Read More
News10 Jan 2019 Shaw and Partners Shannon Eckstein Ironman Classic
We are delighted to have partnered with iconic Australian Surf Life Saving Ironman Champion, Shannon Eckstein, as the major presenting partner and headline sponsor of the inaugural... Read More
News08 Jan 2019 Five more advisers shift to Shaw and Partners
Stockbroking and wealth management firm Shaw and Partners has picked up another five advisers who together managed assets worth about $750 million. It is understood Shaw has hire... Read More
News17 Dec 2018 Shaw and Partners congratulates Cory Hill and Hayley Nixon on winning the 20 Beaches Ocean Classic
On Saturday 15th December 2018, the iconic Shaw and Partners 20 Beaches Ocean Classic took place in the Northern Beaches (NSW).   The 20 Beaches Ocean Classic was first run in 19... Read More
A - Z  % Change  
{{data.Symbol}} {{data.CompanyName}} {{data.Close}} {{data.AsAt | date :'shortTime'}} {{data.Movement | number : 2}} {{data.MovementPercent | number: 2}}%