Advertising and analytics company Blis is among the latest groups considering a transition into life as a public company, with the group hiring investment bank Moelis for a potential initial public offering.
It is understood that meetings are scheduled in the days ahead for the group, which uses real world and online data to profile audiences.
Established in 2004, the global advertising technology company is based in London and operates in more than 40 offices across five continents, offering personalised digital advertising across all verticals.
It was founded by Greg Isbister and is funded by Beringea Private Equity, Ballpark Ventures and Meridian Growth Capital.
The company is among a number that have hopes to head to the boards before the end of the financial year.
Another is Silk Contract Logistics, which is launching an initial public offering through Morgans and Shaw and Partners.
Silk generates $215m of annual sales and $18m of earnings before interest and tax.
It describes itself as a “Port-to-Door” service provider across port logistics, warehousing and distribution.
Silk has offices in all Australia’s major cities and is one of the largest third-party logistics suppliers.
Some consider listed Brisbane-based company Lindsay Freight to be the most accurate comparable.
One of the other businesses that is hoping to list on the Australian Securities Exchange is online auction company Grays Australia, which is owned by Quadrant Private Equity.
Last week, analysts released research indicating that the business was worth between $240m and $458m.
Efforts are being undertaken to cornerstone the business, with the understanding that the company’s valuation would probably be at the bottom of the analysts’ valuation range should it head to the boards.
Also moving forward with listing plans is retailer Best & Less, which is owned by Allegro Funds.
Expectations are that the group will look to embark on a cornerstone process.
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