Israeli cyber security company Votiro Cybersec has become the third foreign cyber security firm to announce its plans to list on the ASX in as many weeks, as the rush of offshore tech companies to the local exchange continues.
Last week The Australian Financial Review’s Street Talk revealed that Israeli business CyberGym was embarking on an IPO roadshow at the end of March, while US cyber security marketplace Whitehawk is in the midst of raising a pre-IPO round from Australian investors.
Votiro has also started a capital raising ahead of it listing later this year, targeting investors in Sydney, Melbourne, Hong Kong and Singapore for a $10.1 million capital injection.
Alternative investment fund Redfield Asset Management has already committed $2.93 million to the raise and has underwritten the remaining $7.17 million.
Votiro chief executive Itay Glick said a local listing would help the company expand across the Asia Pacific region.
Read the full article by Yolanda Redrup at The Australian Financial Review.