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.
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