Monash University’s 100 per cent Online Data Science Single Units are designed to provide the foundation for professionals to capitalise on all of these key trends in data science.
- 12 August 2014 15:28
SpeedCast Listed on the Australian Stock Exchange Today at 12pm AEST
SpeedCast International Limited (SpeedCast) started trading today on the Australian Securities Exchange (ASX) at 12pm AEST under the ticker SDA, following strong demand in its initial public offering (IPO).
The shares were offered at a price of A$1.96 each, implying a market capitalisation for the Company of A$235.5 million.
“Today is a major step in the evolution of our Company, following the establishment of SpeedCast as a leader in the provision of satellite services in the Asia-Pacific region and our global expansion, particularly in the maritime sector,” said Pierre-Jean (PJ) Beylier, CEO of SpeedCast. “This listing will enable us to continue executing on our growth plans and on our focus to deliver unsurpassed service reliability and customer support.”
“We have been greatly encouraged by the institutional and retail shareholder response to the IPO and the strong demand for shares,” Beylier added. “I want to thank all our employees, customers, shareholders and partners who have made this new milestone possible.”
“Working with PJ and the management team at SpeedCast, we have completed a tremendous amount of work to build the Company to the point that it can become a listed company,” said John Mackay, Chairman of the Board of SpeedCast. “We are confident this will be one of many milestones to come for SpeedCast.”
At the time of the listing, new investors are expected to hold approximately 63.7% of the shares, with the remainder being held by investment funds affiliated with TA Associates, management and Non Executive Directors. Investment funds affiliated with TA Associates, the majority shareholders before the IPO, will remain the largest shareholders with a combined stake of approximately 24.6%.
SpeedCast staff, board members, and advisers joined Beylier and ASX General Manager of Listings Issuer Services, Max Cunningham, at the ASX today to ring the bell and to celebrate this momentous milestone in the Company’s history.
About SpeedCast International Limited SpeedCast is a leading global network and satellite communications service provider offering high-quality managed networks services in over 60 countries; and a global maritime network serving customers worldwide. Headquartered in Hong Kong, with 14 international sales & support offices and 24 teleport operations, SpeedCast has a unique infrastructure to serve the requirements of customers globally. With over 4,000 links on land and at sea supporting mission critical applications, SpeedCast has distinguished itself with a strong operational expertise and a highly efficient support organization, which are the foundation of SpeedCast's success. SpeedCast is publicly listed on the Australian Stock Exchange (ASX) under the ticker SDA. For more information, visit www.speedcast.com.
Most Popular Reviews
- 1 Google Pixel 3a review: Less is more
- 2 Huawei P30 Pro review: A photography powerhouse that leans into and elevates its natural strengths
- 3 Samsung Galaxy S10 review: Messy decisions mar smart evolutions
- 4 Dell G7 review: Growing pains
- 5 Nokia 8.1 review: The more things change, the more they stay the same
Join the newsletter!
- Nokia True Wireless Earbuds review: Inessential but impressive
- Nvidia says something "super" is coming...
- The Playdate gaming handheld is a Game Boy-Model T mashup by Firewatch's publisher
- Amazon's rumored wearable device reads your emotions by listening to your voice
- Acer's latest laptops go all-AMD with Ryzen and Radeon inside
PCW Evaluation Team
As the Maserati or BMW of laptops, it would fit perfectly in the hands of a professional needing firepower under the hood, sophistication and class on the surface, and gaming prowess (sports mode if you will) in between.
The MSI PS63 is an amazing laptop and I would definitely consider buying one in the future.
This small mobile printer is exactly what I need for invoicing and other jobs such as sending fellow tradesman details or step-by-step instructions that I can easily print off from my phone or the Web.
Microsoft Office continues to make a student’s life that little bit easier by offering reliable, easy to use, time-saving functionality, while continuing to develop new features that further enhance what is already a formidable collection of applications
I’d recommend a Dell XPS 15 2-in-1 and the new Windows 10 to anyone who needs to get serious work done (before you kick back on your couch with your favourite Netflix show.)
It’s useful for office tasks as well as pragmatic labelling of equipment and storage – just don’t get too excited and label everything in sight!
- Huawei P30 Pro: Full, in-depth review
- Panasonic Lumix S1 review
- Google Pixel 3a review: Less is more
- Everything you need to know about Smart TVs
- What's the difference between an Intel Core i3, i5 and i7?
- Laser vs. inkjet printers: which is better?