Spike Networks to list tomorrow

Australian Web firm Spike Networks has brought forward its listing on the Australian Stock Exchange to tomorrow, July 23 at 11:00am.

The company's IPO was launched in June and popularly embraced from its opening with applications for shares closing last Friday, a week earlier than scheduled.

According to Spike Networks' prospectus, 22.5 million shares at $1.45 each were on offer, raising a market capitalisation of over $123 million.

The IPO was the first in Australia to provide an electronic option for the application and payment of shares, using BPay.

Spike Networks

http://www.spike.com.au

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