Superloop lists on ASX

Superloop lists on ASX

International telecoms infrastructure provider Superloop announced today that it has commenced trading on the Australian Securities Exchange (ASX).

The listing follows Superloop’s successful IPO, which raised $17.5 million, and the company began trading at 11.00am AEST on Thursday June 4, 2015 under the ticker symbol SLC.

“The IPO has enabled the participation of more than 2,300 investors in Superloop’s future as we strive to deliver on our vision of becoming a leading independent provider of connectivity services across the Asia-Pacific region,” said Bevan Slattery, executive chairman and founder at Superloop.

Slattery said that the IPO funds would be used to complete construction of its networks in Australia and Singapore, hire additional sales professionals and evaluate growth opportunities.

“This is a milestone I am immensely proud of, which, now complete, allows Superloop management to focus on customers and commissioning our networks,” added Daniel Abrahams, Superloop chief executive.

“Superloop remains on track to achieve its planned ‘network live’ milestone during the third quarter of 2015 for its initial core networks in Australia and Singapore.”