Why overseas tech firms are listing in Australia
Technology firms have traditionally turned to venture capital, but in recent years there has been an influx of overseas start-ups shunning VCs in favour of an ASX-listing. Have these firms failed to raise cash elsewhere and turned to the ASX as a last resort, or is something else going on?
David Greenberg, CEO of Updater, is a fantastic manager, based in New York, but ended up coming to Australia because the cost of capital is much cheaper than venture capital in the US.
In this video, we look at two reasons why Australian tech firms are in a better position than ever to take on the world.