GeoOp lifts sales, cuts ebitda loss in 2017 as it prepares for ASX shift

Wed, 19 Jul 2017

By Sophie Boot July 20 (BusinessDesk) - GeoOp, the unprofitable management app developer, says sales nearly doubled in 2017, as it prepares to shift its operations to Australia. On Friday, shareholders voted to relocate the company to the ASX from the NZAX and raise funds via an initial public offering that could dilute their holdings by as much as 40 percent. The company plans to raise at least A$3 million with over-allocations, with shareholders voting for the board to issue up to 35.29 million shares at a price range of 17-19.5 Aust...

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