BPS Technology Limited successfully completed their IPO and will move forward with the development of a state-of-the-art software platform for Universal Currency Clearinghouse Inc. (UC).
IRTA received the following message from BPS’s CEO, Trevor Dietz confirming the news:
September 2, 2014
I am pleased to announce that we have today completed the settlement of all contracts relevant to our IPO. It is expected that BPS Technology Limited will be formally listed on the Australian Stock Exchange on the morning of Tuesday, September 9th under the code “BPS” with the commencement of open trading immediately thereafter.
BPS Technology will have more than 450 shareholders and has been backed by several brand-name national and international fund managers plus it has gained the support of almost 100 staff and franchisees in Australia and New Zealand plus a few from the United Kingdom and the USA. It goes without saying this is the most important date in the Group’s history to date.
We look forward to a future of positivity, opportunity and hard work. Importantly, the listing marks the end of one chapter and the beginning of another even more exciting chapter.
Chief Executive Officer, BPS Technology Limited
IRTA views BPS’s successful IPO as a positive step for the barter industry and looks forward to providing UC members with a secure long-term, high-tech software platform in the near future.