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DLA Piper advises Updater Inc. on IPO and ASX listing

09 Dec 2015

DLA Piper has advised New York City based technology company Updater Inc on its AU$22 million initial public offering (IPO) and listing of CHESS Depositary Interests on the ASX today.

Updater is a New York City based start-up, founded in 2010. The company has developed technology that transforms the home relocation process in the United States. Their innovative Mover Product offers a centralised online service helping consumers organise and complete all their moving-related logistics efficiently and seamlessly - from redirecting mail to scheduling a removalist.

Head of Corporate for Asia Pacific, Bryan Pointon, said: "Our representation of Updater is another example of DLA Piper's focus on and expertise in representing disruptive technology businesses in innovative cross border fundraising transactions that take advantage of listing on ASX as a stage in their growth."

The DLA Piper team was led by corporate partner Catherine Merity, supported by senior associates Kelly Morrison and Rosamond Sayer, and graduate Luke Vancliffe-Davies.

Catherine Merity said: "Updater is an innovative tech company with a bright future, and we are delighted to have acted as their lead adviser on this IPO and listing on the ASX. With strong prospects for growth in the US we are proud to be part of this important step in the company's future."

Matter Type
Banking & Finance - Capital Markets: Debt
Industry
Technology, Media & Telecoms
News Category
Technology, Media & Telecoms