Interesting.... I mean this company and management do hv very very strong track record in the industry.. what he posted are also substantiated by articles, very fair points about the company's prospects. I think share price hv not reflected a lot of the good stuff they announced
Lol they're unstoppable, another acquisition.. 5th in 100 days, all seem like A+ quality digital media assets.. can't help but agree with the points mentioned above, looking very undervalued
baru jalan sikit, ingat ya iMEDIA banyak business.iMedia is jointly owned by iCreative and Catcha Group. ini website : https://www.imediaasia.co/about-us
MELBOURNE • Patrick Grove (picture), a serial entrepreneur in South-East Asia who runs Internet-focused investment company Catcha Group, is the latest figure to seek capital through a blank-cheque firm.
The 45-year-old Australian is listed as CEO and chairman of Catcha Investment Corp, a special-purpose acquisition company (SPAC) that filed to raise US$250 million (RM1.01 billion) through an IPO on the New York Stock Exchange, according to a filing yesterday.
Grove is one of the earliest Internet entrepreneurs in South-East Asia.
Since founding Catcha Group in 1999, he and co-founder Luke Elliott have launched several start-ups and brought six of them to a public listing or sale.
Those include iProperty Group Ltd, which was acquired by Australian real estate website REA Group Ltd in 2016, as well as iCar Asia Ltd and Frontier Digital Ventures Ltd, which are listed on the Australian Securities Exchange.
Grove is also known for co-founding the streaming platform iFlix Ltd, which was acquired by Tencent Holdings Ltd last year.
Prominent figures from the business and investing worlds have been rushing into the SPAC market over the past year, which marked a record in the US.
SPACs are empty corporate shells whose sponsors raise money from investors and then look to buy into another business, usually a private one.
Increasingly, investors are planning SPAC listings that will be injected with Asian assets down the road.
Several blank-cheque firms with prominent Asia backers have launched in the past months, including one backed by SoftBank Group Corp and another by billionaires Peter Thiel and Richard Li. Both will target technology companies.
SPACs can provide companies with an easier alternative to going public than the traditional IPO route, which can be a riskier option when volatility is high, as it was last year.
Merging with a SPAC also allows a company to pitch itself to investors using forward-looking financial figures, which isn’t allowed in a traditional IPO.
Catcha’s blank-cheque firm will target technology, digital media and fintech companies across the Asia Pacific, particularly in South- East Asia and Australia, according to the filing.
It has formed an advisory board consisting of well-known regional venture capitalists.
They include Gobi Partners founding partner Thomas Tsao, 500 Startups managing partner Khailee Ng, Qiming Ventures partner Helen Wong, K3 Ventures founder MX Kuok and Jungle Ventures managing partner David Gowdey. — Bloomberg
"Best news 4 CNY!! Catcha debuts on NYSE after raising US 300m"..." Get ready , bcos we're going to find and put SEA entrepreneurs ot the world map! " PG.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
990wadehashi
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Posted by 990wadehashi > 2020-11-23 00:18 | Report Abuse
Interesting.... I mean this company and management do hv very very strong track record in the industry.. what he posted are also substantiated by articles, very fair points about the company's prospects. I think share price hv not reflected a lot of the good stuff they announced