20 Apr '15, 3pm

Malaysia’s Flexiroam guns for #Australia IPO at expected $31M valuation

Malaysia’s Flexiroam guns for #Australia IPO at expected $31M valuation

Malaysia’s Flexiroam guns for Australia IPO at expected $31M valuation April 20, 2015 Malaysia-based roaming service provider Flexiroam today announced its intention to raise up to A million (US.4 million) through an initial public offering (IPO) on the Australian Securities Exchange (ASX). Funds raised from it will go towards developing and marketing its existing products; research, development, and marketing of new products; and expanding internationally. Right now, Flexiroam’s services are available to travellers from eight countries – Malaysia, Singapore, Indonesia, Australia, Canada, Hong Kong, the US, and the UK. With fresh funds in hand, it will expand its business in Singapore, Thailand, Indonesia, as well as open up operations in China, Hong Kong, and India. Flexiroam will be issuing 60 million shares to the public at A{$content}.20 (US{$content}.16) each, with a ...

Full article: http://svca.org.sg/malaysias-flexiroam-guns-for-australia...

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