The Israel-based food delivery technology group Dragontail Systems has lodged its prospectus before an Australian IPO slated to raise $6 million.
The Australian can reveal the company is hoping to reap a valuation of $34.7m upon listing, with plans to hit ASX boards on November 10.
Thirty million shares will be on offer at a price of 20c each, with the deal the latest in a spurt of tech listings on the ASX.
Dragontail is eyeing a leadership position in the increasingly competitive food delivery space, with flagship product the Algo Dispatching System securing some big names offshore.
Read the story by Daniel Palmer in The Australian
and Yolanda Redrup in the Australian Financial Review.