Background
- Aerometrex is a geospatial tech company with a focus on providing data-driven insights for a range of business applications
- The company offers a range of services including aerial imagery and mapping, 3D modelling and airborne LiDAR. Its client base spans across the private and public sector, including infrastructure, engineering, construction, and transport and logistics.
- The company engaged AE as a lead advisor on its initial public offering to fund continued development of its proprietary technologies and accelerate the company’s expansion to the US
Our role
- Assisting with investor presentations to demonstrate the opportunity, providing investors with a strong understanding of the business and maximising investor perception
- Drafting prospectus
- Providing guidance on valuation and share pricing
- Assist in meeting with potential investors and coordination of IPO counterparties
- Manage process alongside the Company in determining lead manager / underwriter
- Assisting management through the process to ensure the Company’s short and long-term goals are met
- Act as the primary point of contact between all brokers and investors to bring everything together to ensure the company’s focus remains on the day-to-day running of the business
Outcomes
- Aerometrex successfully executed a $25.0m IPO in December 2019, issuing 25,000,000 shares at an issue price of $1.00 per share
- The funds will not only allow Aerometrex to improve its technological offering, continuing to develop and upgrade its MetroMap and 3D modelling programs, but will also be put towards the company’s US expansion of its 3D modelling service