Original article by Yolanda Redrup, Sally Rose
The Australian Financial Review – Page: 15 : 21-Jun-16
Axstra Capital MD Reuben Buchanan and Atlassian co-founder Mike Cannon-Brookes have expressed support for the ASX’s decision to block Guvera’s IPO. The latter says investors would have lost their money if the streaming music provider’s IPO had been allowed to proceed. Guvera posted an $A81m loss in 2014-15, on revenue of just $A1.2m. However, TechnologyOne CEO Adrian Di Marco has criticised the ASX’s decision.
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GUVERA LIMITED, AXSTRA CAPITAL PTY LTD, ATLASSIAN CORPORATION PLC, TECHNOLOGY ONE LIMITED – ASX TNE, ASX LIMITED – ASX ASX, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, BITCOIN GROUP LIMITED, EM ADVISORY PTY LTD, REDBUBBLE LIMITED – ASX RBL, AMMA PRIVATE EQUITY PTY LTD