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

Thomas Schoenmaker

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)


Thomas Schoenmaker
Director and Head of Wealth Management
Wentworth Securities

Tom is a Founder and Head of Wealth Management. For the past 10 years, he has been running the Wentworth Model Portfolios, focusing on macroeconomics and tactical equity positioning. These portfolios were initially created as a solution for "core...

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