InPayTech Limited Initial Public Offer achieves minimum subscription

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Integrated Payment Technologies Limited (InPayTech) has surpassed its minimum subscription target of $3,000,000 after week two of its Initial Public Offer (IPO) opening.

InPayTech has received bids and commitments for over $3,000,000 from institutional and retail investors. The Offer seeks to raise a maximum of $5,000,000.

InPayTech Chairman Don Sharp said: “I’m pleased with the early and strong investor support we have received, having achieved the minimum subscription with three weeks remaining until the IPO closes.”

Mr Sharp indicated the company would give preference to retail investors for all future subscribers to the offer.

InPayTech’s offer period is expected to close on 18 November, 2016.

Brokers to the issue are Kimber Capital, Veritas Securities Limited and Gobarralong Capital.

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