Resilience of the ASX and capital raising activity in a pandemic environment

By 21/08/2020 February 10th, 2021 No Comments
Turning around an ASX company from the brink of despair and saving your own company in the process is an amazing story.

The IPO Network hosted its first virtual Zoom event with over 110 guests, discussing the challenges and experiences faced on the pathway to listing on the ASX and raising funds during a pandemic.

The successful session featured guest presenters Bruce Coombes, CEO/MD of QuickFee Limited, Vaughan Webber, Director at Bell Potter Securities, and Christopher Marr , Senior Associate from Steinepreis Paganin Lawyers and Consultants. In addition to the many pearls of wisdom from our insightful presenters for conducting a successful IPO, we heard cautious optimism for the current environment and that the ability to raise capital will depend upon the fundamentals of the business, the support of current shareholders and opportunities the business has to grow.

Bruce Coombes
CEO/Managing Director

Bruce is the CEO/MD of ASX listed QuickFee Limited, a business which conducted an oversubscribed IPO on the ASX on 10 July 2019, raising A$13.5 million via the issue of 67.5 million shares at $0.20 each. QFE subsequently undertook a very successful capital raising on 6 May 2020 during the pandemic and currently has a market capitalisation in excess of $100m.
QuickFee Australia was founded in 2009 and developed a unique payment gateway for Australian accounting and law firms allowing them to accept monthly payment plans where clients of professional services firms obtain finance online from QuickFee to facilitate payments to the firm in full. Following the success of QuickFee Australia, QuickFee was established in the US in 2016 as a separate operating entity to pursue opportunities in the much larger market in the US where no direct competitor exists.

Vaughan Webber
Bell Potter Securities

Vaughan is a Director of Equity Capital at one of Australia’s largest full service stockbrokers and a leading financial advisory firm Bell Potter Securities, which managed the QuickFee IPO and subsequent capital raising.

Christopher Marr
Senior Associate
Steinepreis Paganin

Steinepreis Paganin is a leading Australian capital markets law firm will join in the discussion to examine current market and legal issues affecting capital raisings.

Thursday 30th July 2020

4:00pm – 5:00pm