Lauren Hall, CEO of venue management software company Ivvy, plans to list the company on the ASX within a year, hoping to blaze a trail for female founders.
Israeli marketing tech company Gefen lodges $127m IPO
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Israeli insurance marketing tech business Gefen Technologies is headed for the ASX, raising $25 million at a market capitalisation of $127 million.
Gefen Technologies co-founder and co-CEO Orni Daniel says the business counts local insurance giant TAL as one of its major customers.
This allows the giants to reach more customers, while the smaller brokers receive automated multi-channel campaigns that are assured to be compliant with local regulations, customer conversion statistics and other data analysis.
Speaking to
The Australian Financial Review, Orni Daniel said the company wanted to list in the Asia Pacific region because, while it was an Israeli business, it was going after south-east Asia as its major target market.
Lower for longer? RBA dismisses rising bond yields
Sebastian Bowen | March 10, 2021 1:22pm Image source: Getty Images
Rising bond yields have been the talk of the ASX town over the past few weeks. Government bond yields have spent most of 2021 rising from the historical lows that we saw last year. That has triggered some incredible share market volatility, particularly in the ASX tech space. Yesterday, we discussed how ASX tech shares were on the brink of a bear market, given the
S&P/ASX All Technology Index (ASX: XTX) was approaching a 20% difference between its most recent high and its current level.
One year on and 50% up, the All Technology Index is booming
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Next week marks one year since the
S&P/ASX All Technology Index (ASX: XTX) debuted. Launched at the end of February 2020, the All Technology Index debuted just in time for the March market meltdown.
The index saw its value tumble 42% between launch and the March 2020 low point. But all was not lost since its March low, the index has regained 159% and is now up 50.5% from its debut, having performed on par with the NASDAQ 100 over the same period.
The All Technology Index was designed to be representative of Australia’s burgeoning tech sector. Consisting of 46 companies with a combined market capitalisation of over $100 billion on debut, the index now includes 69 companies with a combined market capitalisation of over $170 billion. The top 10 companies in the index, by market capitalisation, are: