Updater, which controversially delisted from the local exchange to seek a better valuation in United States private markets, is facing more criticism as one of the company's former investors said it would likely have achieved a $1 billion valuation had it remained listed.
The company, which provides services to people moving house, spoke to investors on Friday, after telling them earlier this week that its planned capital raising had been delayed after an investor walked away from the deal.
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Liz Main is a journalist for The Australian Financial Review based in the Melbourne office. Connect with Liz on Twitter. Email Liz at liz.main@afr.com.au
Jemima Whyte writes on business, specialising in companies, capital markets and innovation. Jemima has reported on business for The Australian Financial Review for more than 13 years. Email Jemima at jemima.whyte@afr.com
