May 2023
Having spurned the ASX, Updater finds valuation has cratered
The home relocation technology group maintains a wide Australian shareholder base. Its new raising gives it an enterprise value of around $US260 million.
December 2019
Former ASX company Updater hits $1b valuation
Home relocation company Updater is acquiring US company Bridgevine and has raised $139 million in debt and equity.
November 2019
Updater nears private markets deal
Updater, which controversially delisted last year because of better opportunities in the US private market, may finally be about to complete its capital raising.
April 2019
Updater could have been a unicorn by now: IFM Investors
The former tech market darling has failed to deliver its promised higher valuation from private markets, after delisting from the ASX in October 2018.
Updater's unicorn valuation on hold after prospective investor walks
Updater controversially de-listed from the ASX in October to chase a better valuation. It's just told investors not to expect one any time soon.
March 2019
Updater's James Baillieu backs away from legal options
The Updater shareholder says his "hypothetical need to exercise my shareholder rights ... is off the table".
Why James Baillieu doesn't believe in the Updater unicorn
After controversially de-listing from the ASX to pursue other funding options, the relocation services company's capital raising may be derailed by one frustrated investor.