New Listing: FirstWave Cloud Technology Limited FCT.ASX - Friday 20 May

Wentworth Securities

Wentworth Securities

A SaaS technology company, with revenue, in the growth space of cloud security technology! FirstWave had its origins in Telstra Research Labs, with the company now providing the tech under a white label agreement with Telstra. FirstWave's platform now supplies a mix of 350 Government and large enterprise customers (including some big 4 banks and ASX listed co's). Despite recent press about the number of tech listings, with large valuations and minimal revenue, FirstWave has reported A$2,599m in HY2016 alone, and a valuation at listing of ~A36m. Or in terms of revenue growth, Total Contracted Value/Revenue is growing 29% & 28% respectively - year on year. FirstWave raised the max A$8m at A$0.20 (oversubscribed), and will commence trading this Friday 20th May 2016 (FCT.ASX). Please find a link through to a summary and the prospectus, for those interested (VIEW LINK)

Wentworth Securities are a team of investment specialists, with expertise across traditional stockbroking through to model portfolio management. With a depth of experience ranging from small caps through to macroeconomic thematics. Fully independent.

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.