InPayTech Limited Initial Public Offer to close this Friday 18 November 2016
Integrated Payment Technologies Limited (InPayTech) will close its Initial Public Offer (IPO) at 5:00pm this Friday, November 18, 2016.
The close date for the Offer is in line with the prospectus.
InPayTech Limited Executive Chairman Don Sharp said the IPO has already exceeded its minimum capital target of $3,000,0000. “With a maximum raising of $5,000,000, we can confirm that the formal close date will be observed this week, unless the requisite spread needs for listing required by the Australian Securities Exchange (ASX) are not met,” he said.
Integrated Payment Technologies Limited (InPayTech) is an Australian financial technology business, creating an innovative overlay capability with broad domestic and global applications across banking, wealth management, pensions and financial services.
InPayTech has patents in place globally and is under the eye of offshore banks and others for its innovative overlay capability in payments.