Straker earmarks A$13.5M to fund sales, development and acquisitions in ASX listing

Mon, 01 Oct 2018

By Paul McBeth Oct. 1 (BusinessDesk) - Straker Translations will use almost two-thirds of the A$21.2 million raised in an initial public offering for sales, development and acquisitions as it chases further growth. The online translations company will sell 12.2 million new shares at A$1.51 apiece and existing investors Bailador Technology Investments and Milford Asset Management will sell a further 1.9 million existing shares into the offer. Auckland-based Straker is bypassing its local bourse to list on the ASX. The IPO opens this week...

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