Serko Applies for ASX Listing as Foreign Exempt Listing
Serko Limited (NZX:SKO) has applied to the Australian Stock Exchange (ASX) to list as an ASX Foreign Exempt Listing. The application is currently under review by ASX and, assuming ASX accepts the application, Serko intends to list in June. Serko intends to retain its primary listing on the New Zealand Stock Exchange (NZX). The ASX listing will be a compliance listing.
Darrin Grafton CEO says "While it is Serko's intention to remain a New Zealand domiciled- business, committed to our New Zealand investor base, we recognise that listing on the ASX is a way of potentially accessing a broader pool of institutional and retail investors who wish to share in Serko's success. The bulk of Serko's revenue comes from Australia, and we expect to see continued growth in that market even as we undertake our global expansion initiatives."
Further information will be provided by Serko on 23 May 2018 when it releases its annual results.