MessageMedia’s $1.7 billion acquisition by Sinch is the third-largest ever for an Australian tech company, coming behind KKR’s purchase of MYOB and A Cloud Guru being snapped up by US company Pluralsight last week.
The Australian sharemarket closed at a record high on Thursday, with strong real estate and tech stock gains offsetting a fall in the energy and travel sectors.
Shares surge the most since 2018 IRESS has not received any direct approach - Co
SYDNEY, June 10 (Reuters) - Shares in Australian trading software company IRESS jumped the most since 2018 on Thursday after investment banks sought to buy a small shareholding in the firm on behalf of an anonymous buyer, sources said.
Shares in IRESS, one of the main providers of trading and investment software to Australian brokerage firms, jumped over 16% after the Australian Financial Review newspaper’s Street Talk column said investment bank Barrenjoey had been seeking to buy shares on behalf of a financial sponsor.
Melbourne-based IRESS told the market in a statement that it had been aware of “market activity by an unknown participant or participants”, but that it had “not received any direct approach”.