Initial Public Offering of Straker Translations Limited
Straker Translations Limited (ASX:STG) is a leading technology driven translation services platform offering a cloud-based technology that manages the end-to-end translation process.
Straker is headquartered in New Zealand, with production centres in Auckland (New Zealand), Barcelona (Spain), Denver (USA), Ireland and Germany and sales locations in ten countries across the world.
The funds raised from the IPO will assist with
- Future acquisitions
- Implementing marketing and product development initiatives
- Working capital requirements.
Straker engaged BDO as Independent Financial Accountant, Independent Tax Advisor and Auditor. Market capitalisation at listing was $79.4m.