January 16, 2020
December 11, 2019 – Nitro Software Limited (NTO) commenced trading on the Australian Securities Exchange (ASX) today, following a successful initial public offering raising total proceeds of $110.2 million at a price of $1.72 per share. At the IPO listing price, Nitro has a market capitalization of $324.9 million and an enterprise value of $263.1 million, with an enterprise value/revenue multiple of 4.5. Morgan Stanley Australia Securities Limited acted as Lead Manager to the Offer, with Bell Potter as Co-Manager. Gilbert + Tobin acted as Australian legal adviser.