Left-behind employee experience software company LiveTiles is pitching a path to Nasdaq’s bright lights in an effort to have shareholders approve its proposed listing from the ASX.
LiveTiles, having seen its value plummet from about $350 million three years ago to $55 million, is understood to be arguing that investors would be better off if the company was acquired by an American group or headed to the Nasdaq’s friendlier waters - both of which would be easier to manage away from the ASX.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
