Good to see something 'tech' listing that actually makes a profit and intends to pay a small dividend.

So the aim appears to be to pay off the debt, give a few current shareholders the opportunity to sell down their stake and then go for world domination.

I think that $2.50 a share (and a forward P/E of 18) is dreaming, and nearer the $2 mark would be the right price - but who knows what the book building will come up with.

Best Wishes
Paper Tiger