Vonex list on ASX in 9 days 2 June 2018 Initial Public Offer on...

Vonex list on ASX in 9 days

2 June 2018
Initial Public Offer on Course
Vonex Limited (“Vonex” or the “Company”) (ASX Code: VN8) is pleased to announce that its initial public
offer (“IPO”) will close on 4th June 2018. Admission to the ASX is scheduled for 12th June 2018, with the
minimum of $6 million raised under the Prospectus.
The strong interest in the IPO comes from a mixture of existing shareholders and new retail investors, as
well as a range of international sophisticated and institutional investors. Post listing, the number of
shareholders will increase to at least 2,400. The expanded shareholder base provides a very useful
platform for future growth, which has been unduly inhibited in recent years.
Commenting on the IPO interest, Managing Director Mr Matthew Fahey stated that the successful close
of the IPO, with $6 million raised, was validation of the Company’s existing businesses, including the
rapidly expanding nationwide “copper-replacement” activities being undertaken by NBNCo (which
present opportunities for Vonex). These present a key opportunity to further accelerate the Company’s
average growth of some 24% per annum over the past five years.
Of even more interest for the medium to long term investors is Vonex’s widely regarded ‘Oper8tor’ App.
In this raise, the Company has allocated approximately $1.75 million towards Beta version development
and testing of this globally regarded App in preparation of a soft launch in Europe late in 2018. Vonex
believes, once launched, the Oper8tor App will very quickly grab global attention.
“With the assistance of our Lead Manager and Underwriter, State One Equities Pty Ltd, and other
stakeholders, we have achieved widespread interest in the IPO, including from a range of international
strategic and institutional investors. Obtaining the support of global strategic investors will provide the
Company with additional options to roll-out and monetise the Oper8tor App.
Vonex will also be seeking support from strategic investors to further advancing Vonex Wholesale’s
business globally. It currently enjoys the support of some 22 wholesale channel partners, of which the
vast majority are currently located within Australia”.

In addition, Mr Fahey said:
“There are absolutely no reasons why we cannot replicate the local success of providing a white label
product to international ISP’s, carriers, and larger telco’s and cloud service providers.
Vonex Wholesale can supply to global wholesale customers with PBX endpoints, voice minutes and
advanced PBX features, which are then on-sold under their own brand.
“Now that we have cleared a number of hurdles Vonex has much going for it. I expect that the market will
soon recognise that”.

Happy days you non believers
Sales