Piper Alderman has advised platform technology company Calix Limited on their initial public offering on the Australian Stock Exchange. Market capitalisation at IPO was AUD$65m.
Calix Limited is a cashflow positive platform technology company with broad applications for its technology ranging from waste water treatment to production of advanced materials for batteries and storage. Calix’s IPO is a major milestone in it’s 13 year history which will facilitate its global expansion, the development of its technology pipeline and raising the profile of this world-first technology.
Piper Alderman Partners Sina Kassra and Mark Williamson advised on the deal with assistance from Senior Associate Chris Lyons.
Commenting on the deal, Phil Hodgson, Managing Director of Calix Limited said: “It is very pleasing to have successfully completed the IPO process with the assistance of our advisors, and to embark on the next phase of the Calix business. Sina and the Piper Alderman team were of great assistance in the IPO process. They were very responsive and easy to deal with, in what was a complex process that had to deal with the intricacies of our multifaceted business.”
Sina Kassra said: “The Calix IPO presented some unique challenges, given that Calix is a platform technology company with a patent portfolio, that also operates a producing mine with JORC resources. Given the complexity of the Calix business, it was pleasing to complete the IPO process without any requisitions from ASIC, which is a reflection of the hard work and dedication of the Calix team and their advisors.”
