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  • Telecom software company ActivePort is gearing up to list on the ASX next month
  • The company has already secured $10 million for its IPO and is planning to raise a further $5 million
  • The company aims to list on the ASX on September 27 and will be trading under the code ATV
  • Under the raise, investors will be able to purchase shares at 20 cents each

Telecom software company ActivePort is gearing up to list on the ASX next month.

So far, for its initial public offering the company has raised $10 million, however it is currently aiming to raise a further $5 million.

ActivePort said it was in the final stages of the IPO, which will close on September 6.

The company aims to list on the ASX on September 27 and will be trading under the code ATV.

Under the raise, investors will be able to purchase shares at 20 cents each.

Recently, ActivePort signed a deal with PCCW Global, run by Hong Kong billionaire Richard Li.

PCCW is a world leading communications service provider, offering mobility, voice and data solutions to multinational enterprises, telecommunications partners, cloud and application service providers.

This deal gives ActivePort an enormous network for its enterprise, telco, ISPs and system integrators customers to access and securely use regardless of where they are, what device or what type of connection they are using.

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