the Australian Securities Exchange is preparing for an initial public offering (IPO) after winning a AUD5.8m ($4.4m) South Korean water monitoring deal. The Melbourne-based internet of things (IoT) innovator is planning to list on Freestyle Technology in order to raise capital for the launch of its Indian business and boost growth across the Asia-Pacific region. the Australian Securities Exchange provides IoT solutions in water, electricity, gas, lighting and waste management markets, and last week announced a deal to deliver smart water meters and a management platform to the South Korean region of Gochang. The firm was valued at about AUD85m in late 2014.
Freestyle Technology is preparing for an initial public offering (IPO) after winning a AUD5.8m ($4.4m) South Korean water monitoring deal. The Melbourne-based internet of things (IoT) innovator is planning to list on the Australian Securities Exchange in order to raise capital for the launch of its Indian business and boost growth across the Asia-Pacific region. Freestyle Technology provides IoT solutions in water, electricity, gas, lighting and waste management markets, and last week announced a deal to deliver smart water meters and a management platform to the South Korean region of Gochang. The firm was valued at about AUD85m in late 2014.