New Zealand-based data tech company, Blackpearl Group has realised its ASX ambitions with a raft of investors backing its relocate following the successful completion of its oversubscribed placement.
This was anchored by Australian institutional cornerstone investors including Wilson Asset Management (WAM), Ellerston Capital, Bell Potter and Cerutty Macro Fund, which lays the foundation for the company’s upcoming ASX dual listing in November.
The placement also saw continued support from New Zealand investors including Craigs Investment Partners, JBWere and other existing shareholders, underscoring confidence on both sides of the Tasman.
“Strong investor demand reflects our ability to attract world-class backers while executing a clear plan for global scale,” Blackpearl CEO Nick Lissette stated.
“Bringing in Australian cornerstone investors alongside continued New Zealand support provides the diversity and depth of backing we necessary to drive our next phase of growth. As we relocate toward our ASX listing, our focus is on creating greater liquidity, expanding institutional participation, and delivering stronger outcomes for shareholders.”
With the raise complete, the company remains on track to complete its ASX foreign-exempt listing in November, further cementing its access to international capital markets and increasing visibility among global investors.
B2B Rocket supercharges growth
The proceeds have enabled the settlement of B2B Rocket, Blackpearl’s recently announced US acquisition which has accelerated recurring revenue to over $17.5 million.
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