GeoOp quits planned ASX IPO, gets more shareholder funding

Mon, 16 Oct 2017

By Paul McBeth Oct. 17 (BusinessDesk) - GeoOp has quit plans for an initial public offering and Australian listing after reaching an impasse with the Australian Securities Exchange, and will instead stay on the NZAX and rely on cornerstone shareholder North Ridge Partners for funding. Earlier this year shareholders of the unprofitable management app developer backed plans to raise at least A$2 million in an IPO and list on the ASX, but the company was told earlier this month it needed more capital to meet the Australian stock market oper...

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