Serko applies to list on the Australian Stock Exchange

Serko applied (01-May-2018) to the Australian Stock Exchange (ASX) to list as an ASX Foreign Exempt Listing. The application is currently under review by ASX and, assuming ASX accepts the application, Serko intends to list in Jun-2018. Serko intends to retain its primary listing on the New Zealand Stock Exchange. The ASX listing will be a compliance listing. Serko CEO Darrin Grafton said the company's intention is to remain a New Zealand domiciled business and committed to it New Zealand investor base, but a listing on the ASX "is a way of potentially accessing a broader pool of institutional and retail investors who wish to share in Serko's success". The bulk of Serko's revenue comes from Australia. Mr Grafton said the company expects to see "continued growth in that market even as we undertake our global expansion initiatives." Further information will be provided by Serko on 23-May-2018 when it releases its annual results. [more - original PR]