Australian 2015 Tech stocks and Ipo Update

| June 24, 2015 | 0 Comments

The tech and Ipo sector in Australia has been a bit sluggish. Here is our most recent round up of IPOS and technology stock recent launches and happenings.

Medicinal marijuana company Phytotech Medical

CVC check is one tech company that punters would need to keep an  eye one. Perth company CVCcheck that does online  screening and verification,plans to soon lodge a prospectus with the ASX  to raise 10 Million in  an IPO.

CVCCHECK IPO

CVCCHECK IPO Proposed launch price 0.20 Cents

The CVCcheck ipo is supposed to be values at 20 cents a share at launch,with CVC having access agreements to data sources and information  with 200 companies . The brokers are said to be Triple C Consulting for this IPO. The company itself does online automated checking and verifying of people documents for police records, work experience and qualifications. It was founded in 2004. The domain www.cvccheck.com.au at this time is yielding no results.

Rent.com.au IPO (RNT)

rent.com.au ipo 2015  australia

{News Just before launch}  Rent.com.au raising up to $10 million

Current price : 0.200 24 Jun 2015

Digital rental classifieds business Rent.com.au is seeking to raise up to $10 million as part of its backdoor listing through former copper, gold and nickel explorer Select Exploration.

Rent.com.au seems to be the only website that offers the full suite of services exclusively servicing the rental markets. At last count Rent.com.au had over 50,000 active listings. They hope to follow in the footsteps of companies like REA Group Limited (ASX: REA), Seek Limited (ASX: SEK), and Carsales.Com Ltd (ASX: CAR). Rent.com.au is definitely worth a closer look.

AMCOM & VOCUS

Amcom Telecommunications Limited

ASX: AMM – Jun 24 PRICE : 2.60

Vocus Communications and Amcom Telecommunications look set to become a single entity with a combined market cap of over AU$1 billion. The two companies are entering into an agreement that will see Vocus acquire the remaining 90 percent of its former rival.

[img from branddirectory.com]

TPG said it has no intention of making a counterproposal before this deal was struck.

IF you check our old portfolio which has not been updated for a while  here , you  would see  we have made a profit on this stock.

OTHER IPO NEWS

Medicinal marijuana company Phytotech Medicalhttp://www.phytotechmed.com/

Current price : ASX CODE: PYL  0.335 24 Jun 2015

Medicinal marijuana company Phytotech Medical has made a stellar stock market debut, at the start of the year in 2015 with its shares doubling in value. Shares in the Perth-based company surged from their 20c issue price to a peak of 40c within minutes of hitting the boards  when it had launched. Phytotech is also targeting Canada, Israel and Europe and hopes medicinal cannabis treatment will become available in Australia

The company’s will be positioning itself  to  break into the multi-billion dollar US market, where medicinal marijuana is legal in quite a few states and banned in some.

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Category: ASX, Australia, Floats, IPO

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Playing the Australian stock market for ages Dont judge me , just listen

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