Online share registry business eyes $8m IPO
Sequoia Corporate Finance is assisting Registry Direct with a targeted $8 million revenue from an initial public offering (IPO) in an appointment to help accelerate the online share registry business’ growth in the marketplace.
Registry Direct founder and managing director, Steuart Roe, said funds raised in the IPO would aim to expand business operations, employ more staff, and enhance overall offerings for the company.
“Undertaking an IPO will open our business up to a wider audience and allow us to accelerate our growth,” he said.
“We are focused on a large underserviced part of the market being unlisted companies as well as fund managers and their unit registers.”
AUTHOR
Hope William-Smith
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