News: SkyFii gives investors a ride with listing gain on ASX

SkyFii (ASX:SKF) has given stags a gain with a 30% gain on listing price of $0.20 on the ASX through an oversubscribed IPO offer.

A total of $3.5 million was raised for the retail-focused technology company that captures and analyses Big-Data to drive customer loyalty and sales.

Formerly, the listing vehicle was named RKS Consolidated and it acquired the SkyFii business.

SkyFii is an established, revenue generating business, with a strong pipeline of existing and prospective clients.

For the consumer, SkyFii utilises the real-time customer behaviour captured in retail environments (eg; location information and customer profiles) to deliver targeted real-time content (advertising and marketing) to customers.

Today, the company entered into a Joint Venture Agreement with Skyfindo Integrasi Media (SIM) to establish SkyFii Indonesia.

Under the Agreement, SkyFii and SIM will work together to establish a joint venture company SkyFii Indonesia, to facilitate the roll-out of SkyFii’s unique Big-Data services offering.

SkyFii's target clients include major retail property groups, major venues such as airports, and other retail outlets.

SkyFii has first mover advantage in Australia, and also has a growing footprint in international markets, including South Africa, Indonesia and Brazil.