Trimantium Growth Ops completes $70 million IPO to make ASX debut
After a couple of delays in completing its $70 million initial public offering (IPO), business transformation services firm Trimantium Growth Ops made its ASX debut today. With the IPO priced at $1.00 per share, the company has been valued at $143 million, with a market cap of $95 million.
The cash from the IPO has funded the acquisition of eight businesses that cover various sections of the “entrepreneurial value chain” to create Trimantium Growth Ops, including enterprise cloud and software solutions provider 3wks, development agency jtribe, and graphic design agency Voodoo Creative.
The consolidation of the various businesses, all profitable, allows Growth Ops to provide services including market analysis, leadership development, cloud service, software development, and marketing communications.
Phillip Kingston, founder and managing director of Growth Ops, said, “Now more than ever, a truly integrated approach is crucial for businesses and governments to overcome the urgent threats, as well as capture the opportunities, posed by technological disruption. Read more
Startup Daily - 16 Mar 2018