Powered by MOMENTUM MEDIA
realestatebusiness logo

Breaking news and updates daily. Subscribe to our Newsletter!

Home of the REB Top 100 Agents
Breaking news and updates daily. Subscribe to our newsletter

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Proptech sets sights on ASX listing — and North America

By Grace Ormsby
12 May 2021 | 1 minute read
Openn Negotiation Peter Gibbons

Openn Negotiation has revealed plans for a $9 million initial public offering (IPO) and a subsequent listing on the ASX.

The proptech provider — which offers support to real estate agents who are looking to sell residential property online — has lodged a prospectus with ASIC as it seeks to fundraise and become a listed company.

Openn Negotiation has revealed that under the IPO, Openn would offer 45 million shares at an issue price of $0.20 per share — raising up to $9 million.

According to a statement from the business, the offer is fully underwritten by the lead manager to the IPO, Euroz Hartleys, on a conditional basis.

The proptech platform provider has reported that funds raised through the offer “will facilitate Openn’s expansion to meet industry demand, specifically in Australia, New Zealand and North America”.

“Branching out into America and exploring international expansion aligns with the company’s long-term vision and growth strategy,” Openn Negotiation outlined.

Based off the prospectus, Openn Negotiation is scheduled to list on the ASX and commence trading on or around 9 June 2021.

The company will be guided through the IPO and listing process by managing director and co-founder Peter Gibbons.

Wayne Zekulich was recently appointed as Openn’s non-executive chairman, while the board consists of Darren Bromley (executive director and chief financial officer), Duncan Anderson (executive director and chief technology officer) and Danielle Lee (non-executive director).

Proptech sets sights on ASX listing — and North America
Peter Gibbons reb
lawyersweekly logo

ABOUT THE AUTHOR


Grace Ormsby

Grace Ormsby

Grace is a journalist across Momentum property and investment brands. Grace joined Momentum Media in 2018, bringing with her a Bachelor of Laws and a Bachelor of Communication (Journalism) from the University of Newcastle. She’s passionate about delivering easy to digest information and content relevant to her key audiences and stakeholders.

Rankings
rankings
JUST RELEASED
May 09, 2022

REB Top 50 Women in Real Estate 2022

REB is thrilled to present the Top 50 Women in Real Estate 2022 ranking, which sets t ... LEARN MORE

rankings
JUST RELEASED
May 04, 2022

REB Top 100 Agents 2022

Now in its second decade, the REB Top 100 Agents 2022 rankings are the most revered s ... LEARN MORE

rankings
JUST RELEASED
May 02, 2022

REB Top 50 Agents NSW 2022

Even a pandemic has not put the brakes on the unstoppable property market in NSW, whi ... LEARN MORE

rankings
JUST RELEASED
April 27, 2022

REB Top 50 Agents VIC 2022

The COVID-19 crisis has not deterred the property market in Victoria, which has been ... LEARN MORE

rankings
JUST RELEASED
April 25, 2022

REB Top 50 Agents QLD 2022

As the property market continues to roar in Brisbane and Queensland, the REB Top 50 A ... LEARN MORE

Coming up

rankings rankings
Do you have an industry update?

top suburbs

12 month growth
Mirador
103.33%
Bawley Point
98.13%
Walla Walla
90.7%
Byron Bay
86.67%
Kiama Heights
85.93%
Greta
84.14%
Nulkaba
81%
South Hobart
78.78%
Diddillibah
76.25%
Lennox Head
73.98%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.