Workforce management company, GeoOp, intends to commence trade on the NZ Alternative Market (NZAX) from Thursday, October 31, pending final approval.
Shares will be listed at $1 per share.
GeoOp said it is pleased with the high interest in its private share offering which it claims was over-subscribed by more than three times, raising $10 million of new equity, and growing its number of shareholders to 280.
The company claims listing on the NZAX will enable it to accelerate its global expansion strategy with a particular focus on Australia and the US, and take advantage of the global opportunity to win customers which are rapidly adopting mobile devices.
GeoOp has users in 13 countries, with 85 per cent of its paying users located offshore. The company’s software-as-a-service (SaaS) solution target markets span a large range of trades, including telecommunications, health, community workers, mobile therapists, and general services.