BlueMount IPO Services for US Companies
Introduction
Welcome to the IPO newsletter where we keep you up to date with interesting news about US companies and their ability to list internationally.
International Stock Exchanges-Alternatives for US companies
In the past five years there has been a marked increase in the number of international companies listing on the Australian Securities Exchange (ASX). Why is this happening? What are the thought processes and market dynamics that attracted these companies to list on the ASX? Where these companies are U.S. based, what were the factors that stimulated them to look outside their home capital markets? Are the experiences of these companies relevant to your own capital raising considerations?
The secret to a successful IPO
There are many measures of success for initial public offerings (IPOs). First and foremost is completing the deal and raising the intended proceeds. From the perspective of remaining and new shareholders, however, the subsequent short-term trading performance is more often seen as the measure of a good IPO as opposed to a bad IPO.
ASX IPO Questions and answers
US companies and their advisors ask many questions when considering an international listing.
IPO AWARD
BlueMount Capital has been awarded “IPO advisory Firm of the Year Australia 2020“ from Global Advisory Experts
New ASX listing by an American company ZEBIT
Zebit, Inc. (ASX:ZBT) is a U.S. based eCommerce company which offers financially underserved consumers a large selection of products through an alternative buy-now-pay-later payment method. The company completed their listing of CHESS Depository Interests (CDIs) on the Australian Securities Exchange raising AUD $35 million. It has a current market capitalisation of AUD $138m.
Zebit is headquartered in San Diego, California with a mission to reinvent how credit is provided to approximately 120 million financially underserved consumers in the U.S.
- Buy Now Pay Later (BNPL) solution for Financially Underserved Consumers in the US.
- Listed in Oct 2020 with a market cap of A$149 million
- Raised A$35 million at listing
Sezzle Case Study (ASX: SZL)
Sezzle Inc. operates as a technology-enabled payments company in United States, Canada, India, and Europe. The company provides a payments platform that facilitates payments between consumers with merchants.
Its platform enables customers to make online purchases and split the payment for the purchase in four equal interest free payments over six weeks. The company offers its payment solution to online stores, as well as brick-and-mortar retailers. Sezzle Inc. was incorporated in 2016 and is headquartered in Minneapolis, Minnesota.
Listing on the ASX provided Sezzle with the ability to
- Funding and financial flexibility to support the Company’s growth strategy and future growth opportunities
- A liquid market for its CDIs and the opportunity for others to invest in its securities
- Benefits of an increased brand profile that arises from being a listed entity
At Listing
- Market Capitalisation – $217m
- Capital Raised – $43.5m
Current (7 April 2020)
- Market Capitalisation – $1.61b
- Share Price- $7.99
Our key executives
This month we feature our director and representative in Los Angeles, Alex Chen.
Alex Chen is a veteran in financial service specifically in the roles of investment banker and corporate executive. Alex earned his bachelor degree in business accounting and corporate finance at Victory University followed by becoming a CPA in Australia in 1999. Since then, Alex has worked on both sides of the fence. First as company executives, gaining hands-on business management experience with day-to-day responsibilities especially on managing the accounting department and corporate finance, and as the CFOs in numerous companies of different industries including publicly traded companies before switching side to becoming an investment banker and corporate advisor, serving high growth business clients, working directly with CEOs and CFOs.
He is based in Los Angeles and specializes in the Pacific Region with a focus in US IPOs and US capital market where his expertise, networks and funding sources are the strongest.
To obtain more information about USA IPOs on the ASX, please contact us via email or phone +61 418 673 066
Len McDowall
Managing Director
Level 32, 200 George St
Sydney 2000 NSW Australia
Telephone +61 418 673 066
sydney@bluemountcapital.com
Alex Chen
Director and USA representative
1055 W 7th, 33rd Floor, Penthouse
Los Angeles CA 90017 USA
Telephone +1 212 470 6997
losangeles@bluemountcapital.com