{"id":3665,"date":"2014-08-12T09:46:02","date_gmt":"2014-08-12T09:46:02","guid":{"rendered":"http:\/\/www.telecomstalk.com\/?p=3665"},"modified":"2018-06-06T10:11:37","modified_gmt":"2018-06-06T10:11:37","slug":"speedcast-listed-on-the-australian-stock-exchange-today-at-12pm-aest","status":"publish","type":"post","link":"https:\/\/www.telecomstalk.com\/?p=3665","title":{"rendered":"Speedcast Listed On The Australian Stock Exchange Today At 12pm AEST"},"content":{"rendered":"<p>SpeedCast International Limited <a href=\"http:\/\/www.speedcast.com\/\">(<\/a><a href=\"http:\/\/www.speedcast.com\/\">SpeedCast<\/a>) started trading today on the Australian Securities Exchange <a href=\"http:\/\/www.asx.com.au\/\">(<\/a><a href=\"http:\/\/www.asx.com.au\/\">ASX<\/a>) at 12pm AEST under the ticker SDA, following strong demand in its initial public offering (IPO).<\/p>\n<p>The shares were offered at a price of A$1.96 each, implying a market capitalisation for the Company of A$235.5 million.<\/p>\n<p>\u201cToday is a major step in the evolution of our Company, following the establishment of SpeedCast as a leader in the provision of satellite services in the Asia-Pacific region and our global expansion, particularly in the maritime sector,\u201d said Pierre-Jean (PJ) Beylier, CEO of SpeedCast.\u00a0 \u201cThis listing will enable us to continue executing on our growth plans and on our focus to deliver unsurpassed service reliability and customer support.\u201d<\/p>\n<p>\u201cWe have been greatly encouraged by the institutional and retail shareholder response to the IPO and the strong demand for shares,\u201d Beylier added.\u00a0 \u201cI want to thank all our employees, customers, shareholders and partners who have made this new milestone possible.\u201d<\/p>\n<p>\u201cWorking with PJ and the management team at SpeedCast, we have completed a tremendous amount of work to build the Company to the point that it can become a listed company,\u201d said John Mackay, Chairman of the Board of SpeedCast. \u201cWe are confident this will be one of many milestones to come for SpeedCast.\u201d<\/p>\n<p>At the time of the listing, new investors are expected to hold approximately 63.7% of the shares, with the remainder being held by investment funds affiliated with TA Associates, management and Non Executive Directors. Investment funds affiliated with TA Associates, the majority shareholders before the IPO, will remain the largest shareholders with a combined stake of approximately 24.6%.<\/p>\n<p>SpeedCast staff, board members, and advisers joined Beylier and ASX General Manager of Listings Issuer Services, Max Cunningham, at the ASX today to ring the bell and to celebrate this momentous milestone in the Company\u2019s history.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SpeedCast International Limited (SpeedCast) started trading today on the Australian Securities Exchange (ASX) at 12pm AEST under the ticker SDA, following strong demand in its initial public offering (IPO).<\/p>\n<p>The shares were offered at a price of A$1.96 each, implying &#8230; <span class=\"more-link\"><a href=\"https:\/\/www.telecomstalk.com\/?p=3665\" class=\"more-link\">Read More<\/a><\/span><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[321,322,318,320,319,157],"class_list":["post-3665","post","type-post","status-publish","format-standard","hentry","tag-asx","tag-australian-securities-exchange","tag-australian-stock-exchange","tag-ceo-of-speedcast","tag-pierre-jean-beylier","tag-speedcast"],"_links":{"self":[{"href":"https:\/\/www.telecomstalk.com\/index.php?rest_route=\/wp\/v2\/posts\/3665","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.telecomstalk.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.telecomstalk.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.telecomstalk.com\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.telecomstalk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3665"}],"version-history":[{"count":3,"href":"https:\/\/www.telecomstalk.com\/index.php?rest_route=\/wp\/v2\/posts\/3665\/revisions"}],"predecessor-version":[{"id":3668,"href":"https:\/\/www.telecomstalk.com\/index.php?rest_route=\/wp\/v2\/posts\/3665\/revisions\/3668"}],"wp:attachment":[{"href":"https:\/\/www.telecomstalk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.telecomstalk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.telecomstalk.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}