iSentia lodges IPO prospectus

May 20, 2014 11:46

Media monitoring company iSentia has lodged its prospectus ahead its listing on the Australian Securities Exchange.

The prospectus documents show the initial public offering (IPO) will see institutional and retail shareholders offered 139 million new shares at a price of $2.04 a share, raising a total $283.5m.

The company’s current owners private equity firm Quadrant will retain 50 million shares representing a minority share holding of 25 per cent and will receive $150m in cash, following its listing, valuing the company at $408m.

“We are excited about the IPO and look forward to welcoming our new shareholders. We are seeing strong growth in our business led by our proprietary SaaS platforms, including our market-leading Mediaportal platform, and our portfolio of leading social media monitoring and analysis software and services,” said John Croll, CEO of iSentia.

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Nic Christensen

Nic Christensen worked for Mumbrella from 2013 to 2016, in roles including deputy editor and media & technology editor. He is former media writer for The Australian and has also worked as a reporter for The Daily Telegraph and senior producer for Radio 2GB.

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