Social media-focused marketing group ShareRoot is poised to become the latest Silicon Valley tech company to list on the ASX.
ShareRoot will launch a reverse takeover of ASX-listed Monto Minerals and look to raise around $10 million, which is expected to be announced on Thursday.
Foster Stockbroking is working with ShareRoot and Monto on the deal.
The company has developed a platform that allows marketers to source "user-generated content" from social media channels, such as Instagram and Twitter, in a bid to drive sales and brand awareness.
The route to market is similar to that undertaken by US-based online recruiter 1-Page, floated by Foster and KTM Capital last year. 1-Page closed at $1.54 on Wednesday, compared with its issue price of 20¢.
Elsewhere, digital human resources group Reffind's $8 million bookbuild was more than six-times covered, with around 40 funds participating in the offer. Foster handled the deal.
Finally, vet clinic roll-up National Veterinary Care will meet with fundies in Sydney and Melbourne next week, ahead of a planned bookbuild in early July and listing later that month.
MOO Price at posting:
0.4¢ Sentiment: Buy Disclosure: Not Held
