IKE - Ike GPS.com

ikeGPS have announced their intention to IPO:

http://www.nbr.co.nz/article/tech-co...-ipo-db-157492

Looks promising - small capital raise. Founders take some money of the table so they should have a decent lockup on the rest. NO details on revenue, profit or growth though.

Website: http://www.ikegps.com/

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Originally Posted by Harvey Specter

ikeGPS have announced their intention to IPO:

http://www.nbr.co.nz/article/tech-co...-ipo-db-157492

Looks promising - small capital raise. Founders take some money of the table so they should have a decent lockup on the rest. NO details on revenue, profit or growth though.

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Thanks HS

I'm pretty sure this technology has been around for years, but linking it to data collection could be a simple way to commercialise it.

Any idea who their competition is?

The spike addition to the smart phone is pretty cool, but again I'm not sure who would want to use it.

Need to do some research into this one. Its hasn't got me really excited yet.

Quote:

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Originally Posted by Carpenterjoe

I'm pretty sure this technology has been around for years, but linking it to data collection could be a simple way to commercialise it.

Any idea who their competition is?

The spike addition to the smart phone is pretty cool, but again I'm not sure who would want to use it.

Need to do some research into this one. Its hasn't got me really excited yet.

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My understanding is they have an expensive hardware option (like $10k+) which is used by utilities etc: http://www.ikegps.com/industries/

SHould drive huge efficencies for any company with a GIS system (ie. need to know exact locations of assets): http://www.ikegps.com/why-ike/

Spike was a kickstarter project and the development was probably completely prefunded via presales. A great low risk strategy in my opinion and whilc a product line in its own right, may lead to future upsales to the commercial module.

Quote:

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ikeGPS Group Ltd completed a $25 million institutional & broker bookbuild at $1.10/share yesterday and expects to launch its initial public offering on Tuesday 1 July. The company intends to register a prospectus next Monday. There will be no public pool.
It’s also decided not to proceed with the sale of up to $6 million of existing shares. Chairman Rick Christie said: “The board has resolved that the offer will comprise an offer of new shares only and will not include the sale of any existing shares. All existing shares in the company will be subject to the escrow arrangements that will be detailed in the investment statement & prospectus.”
ike provides solutions for the remote measuring & modelling of objects using a combination of measurement software, cameras, lasers, computing, GPS & 3D-compasses. It has over 200 electric utility & engineering customers and has recently agreed a trademark licence agreement with General Electric. In addition, its new mobile solution, Spike, brings the power of this technology to a smartphone or tablet platform.
Chief executive Glenn Milnes said the company would use its new capital to accelerate its growth, particularly in the US.
Forsyth Barr & Deutsche Craigs have been appointed joint lead managers & joint organising participants to the offer.
Attribution: Company release

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Interesting they didn't sell the $6m of existing shares. Suggests the bookbuild wasn't that strong? Or was it really strong that they have decided to get a better price post IPO?

Smokin - I take it that your recommendation is stay away from this.

The concept is not new. Military's around the world have been using the likes for years now. (known as Range Finders). I believe older models can be bought on the open market now. Cant find, but I think there are two other Coy's with similar products available now.
Cheers BB
PS. However I will be watching

69....that is the best post I have seen.
Back to bed with you !

http://www.nzherald.co.nz/business/n...ectid=11285531

brent sheather about IPO's

http://structure.io/

Why I am staying clear of IkeGPS.

So these people are listing today, haven't paid much attention to this. Seems like there a little bit late to the party in terms of listings. highlighted by Gentrack, hirepool etc

anyone onboard