Wilson Asset Management lead portfolio manager Oscar Oberg is expecting big things from sovereign cloud services provider AUCloud after backing the micro cap in its pre-float fund raise.
WAM Microcap Fund tipped in $2.5 million via a cornerstone placement. Separately, AUCloud this year has raised nearly $7.5 million via a rights issue, in which serial entrepreneur and founding investor Bevan Slattery took up his full rights.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
