IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

Arun has over 15 years’ experience covering the Technology sector. During this time, he has worked with technology start-ups and as an equity analyst in investment banks and independent research firms. He was formerly a Technology Analyst for Canaccord Genuity, Altium Securities, Espirito Santo Investment Bank, Noble Group and Clear Capital. He has a dual Master’s degree in Financial Engineering and Industrial and Operations Engineering from the University of Michigan. He obtained his Bachelor’s degree in Mechanical Engineering from the Indian Institute of Technology, Bombay. He is also a CFA charterholder.

IPOs and Catalysts/Events

Nearmap’s Spread Widens, Scheme Meeting on 25 November

Weekly Deals Digest (23 Oct) - Link, Nearmap, Pushpay, Tyro, Singapore Medical, DTAC/True, Blibli

Nearmap (NEA AU)’s Update Results in an Unwarranted Increase in the Spread

Nearmap’s A$2.10 Per Share Indicative Offer from Thoma Bravo

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Global Equity Research Ltd

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Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/nearmap-ltd" target="_blank" data-smartkarma-citation="entities:5142:1" rel="noopener">Nearmap Ltd (NEA AU)</a> entered a scheme implementation deed (SID) with Thoma Bravo at A$2.10 per share, a 39.1% premium to the undisturbed price.</li>
<li>The offer price is attractive. The key conditions are shareholders and regulatory (FIRB &amp; US antitrust) approvals. The scheme meeting is in November. </li>
<li>At last close and for the end of November payment, the gross and annualised spread to the offer is 1.4% and 5.2%, respectively.</li>
</ul>



Nearmap Ltd (NEA AU) entered a scheme implementation deed (SID) with Thoma Bravo at A$2.10 per share, a 39.1% premium to the undisturbed price.
The offer price is attractive. The key conditions are shareholders and regulatory (FIRB &amp; US antitrust) approvals. The scheme meeting is in November. 
At last close and for the end of November payment, the gross and annualised spread to the offer is 1.4% and 5.2%, respectively.


Nearmap Enters a SID with Thoma Bravo at A$2.10