Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.

Online travel booking company Serko seeks Initial Public Offering of $22 million
Posted on 26-May-2014 13:06. | Tags Filed under: News.



Serko Limited (Serko) announced its initial public offering in Auckland today. The online corporate travel booking and expense management company plans to list on the NZX Main Board to fuel its growth ambitions. Serko will issue $17 million of new shares and existing equity holders have offered to sell a further $5 million of shares.

Serko is a cloud-based technology company that provides an integrated corporate travel booking and expense management solution to approximately 6,000 corporations and government agencies across the Asia Pacific region.

The offer, at $1.10 per share, is expected to open on 4 June 2014. Serko has registered a prospectus, and approved an investment statement, each dated 26 May 2014. Once the offer is open the investment statement and the prospectus will be available to download from www.serkoshareoffer.co.nz, as well as being available in hard copy from Serko and Link Market Registry Services. The offer will be open to both New Zealand and Australian investors.

CEO Darrin Grafton said: “Our cloud-based products make the process of booking travel and managing expenses straightforward. We have spent the past 7 years developing a robust technology solution that streamlines travel booking, assists travellers and supports the management of what is, for most corporations, their second biggest cost category. We have built a blue chip user base, primarily in Australia. We’re now seeking additional capital to expand our reach into new markets across Asia Pacific and potentially beyond. In addition, we will accelerate the development of a number of new products.”

As previously announced, Serko’s board of directors is led by Simon Botherway as independent chairman (New Zealand), as well as Claudia Batten (USA) and Clyde McConaghy (Australia) as independent directors. They serve alongside executive directors and co-founders Darrin Grafton, chief executive, and Bob Shaw, chief strategy officer.

Chairman Simon Botherway says: “This is a great opportunity to participate in an exciting New Zealand-based software company with a proven product and growing revenue streams. The timing is right for Serko to raise additional funds to accelerate its growth plans.”


More information: http://www.serkoshareoffer.co.nz...
comments powered by Disqus


Trending now »

Hot discussions in our forums right now:

What time does windows 10 go live?
Created by gogokr431, last reply by nathan on 2-Aug-2015 13:55 (532 replies)
Pages... 34 35 36


Just installed Windows 10 on release and have questions... Post here
Created by Behodar, last reply by networkn on 2-Aug-2015 16:05 (137 replies)
Pages... 8 9 10


GST refund on imports returned due to size issues
Created by Geektastic, last reply by raytaylor on 29-Jul-2015 22:57 (29 replies)
Pages... 2


Windows 10 uses customers' computers to distribute updates
Created by Jedsdad, last reply by nathan on 2-Aug-2015 15:19 (23 replies)
Pages... 2


New site and UFB plans
Created by cws82us, last reply by sir1963 on 2-Aug-2015 10:31 (133 replies)
Pages... 7 8 9


Time to update yet?
Created by Dreal, last reply by Dreal on 1-Aug-2015 23:54 (21 replies)
Pages... 2


Overseas Purchasing - GST Threshold about to be reduced
Created by SepticSceptic, last reply by mattwnz on 2-Aug-2015 14:59 (32 replies)
Pages... 2 3


Do I need to have 7 installed to get 10 ?
Created by xpd, last reply by roobarb on 2-Aug-2015 12:59 (118 replies)
Pages... 6 7 8