Barrenjoey revalued Rokt holdings up 28pc citing earnings surge

Sarah Thompson, Kanika Sood and Emma Rapaport

Updated Jul 24, 2025 – 5.42pm, first published at 2.26pm

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Barrenjoey is talking up the prospects of Rokt, an online shopping software provider that has become a perennial prospect for an ASX listing, telling investors who have backed its stake in the business that their shares have been revalued up almost 30 per cent since it first bought in.

Rokt was founded in 2012 and uses artificial intelligence to help companies selling products online optimise what they present to shoppers. It was last valued at $US3.5 billion ($5.3 billion) earlier this year when Barrenjoey, along with Square Peg Capital and Tiger Global Management acquired shares from some of the company’s early staff and investors.

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.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.