Serko lists on the NZX
Porter Novelli worked on Serko’s listing as communications advisors.
Serko raised $22.0 million at $1.10 per share from its initial public offer (IPO) and has been overwhelmed by the strong investor support, which saw the public pool component of the retail offer over-subscribed by 3.5x (350%) and close nine days early.
After scaling and completion of the offer, Serko has around 900 shareholders including institutions from both Australia and New Zealand, clients of some New Zealand NZX Firms and members of the public in New Zealand and Australia.
Serko is a New Zealand-based cloud 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 IPO will provide the funding to enable Serko to accelerate its market and product expansion into the Asia Pacific target markets.