Moelis, Shaws score juicy SaaS IPO mandate

▤ Summary

Global software-as-a-service business Ansarada is a step closer to a $300 million ASX listing. Street Talk can reveal stockbrokers Moelis Australia and Shaw and Partners have snared joint lead manager mandates for the IPO of the $50 million-a-year revenue Ansarada. It comes after a beauty parade in recent weeks overseen by Deloitte Corporate Finance. And when Ansarada first issued a request for a proposal to equity capital markets bankers in November, it told them that it makes about $50 million revenue a year. On that basis, if Ansarada’s listing was successful, it would hit the boards with a valuation of up to $300 million.

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Ansarada

$25M to $50M