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Bridget Carter

Ai-Media raising $66.8m as part of IPO

Bridget Carter
less than 2 min read
9:21AMAugust 04, 2020.
Updated 10:17AMAugust 04, 2020

Subtitles and captions firm Ai-Media is raising $66.8m through Bell Potter and Morgans as part of its initial public offering.

It comes as the company launches its management roadshow for its float ahead of a bookbuild on Friday and a listing of shares on a normal basis on September 15.

Shares for the float have been priced at $1.23 each and the company’s market value will be $177.3m.

Its enterprise value will be $157.5m.

The company was co-founded by Alex Jones and chief executive Tony Abrahams and creates captions, transcripts and subtitles.

Bridget Carter
Bridget CarterDataRoom Editor

Bridget Carter has worked as a writer and editor for The Australian’s DataRoom column since it was launched in 2013, focusing on capital markets, mergers and acquisitions, private equity and investment banking. She has been a journalist for more than 18 years, covering a broad range of events and topics, including high profile court cases and crimes, natural disasters, social issues and company news.

Bridget Carter

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Original URL: https://www.theaustralian.com.au/business/dataroom/aimedia-raising-668m-as-part-of-ipo/news-story/d212e41301d26084d1ba02a09f488b55