ASX-aspirant Pivotal Systems lodges prospectus

▤ Summary

Silicon Valley manufacturer Pivotal Systems Corporation is embarking on a $53.5 million capital raising that will value the company at $233.2 million. The company makes products used by semiconductor manufacturers in processes, which require very precise and repeatable gas flows. It plans to list on the ASX on June 28. Moelis Australia Advisory and Shaw and Partners are joint lead managers. A prospectus is expected to be lodged with the Australian Securities and Investments Commission on Tuesday.

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