- BirdDog Technology (BDT) began trading on the ASX yesterday following a $33 million initial public offering (IPO)
- The $33 million was raised through the issue of more than 50.7 million shares priced at 65 cents, giving the company a market cap of $133 million
- BirdDog is a global video technology company that enhances the speed, quality and flexibility of video through a range of network-connected solutions
- The company is led by Jon Dixon as Chair and Dan Miall as Co-Founder, Managing Director and CEO
- On its first day of trade, shares in BirdDog are up 1.45 per cent on the market and are trading at 70 cents
BirdDog Technology (BDT) began trading on the ASX yesterday following a $33 million initial public offering (IPO).
The $33 million was raised through the issue of 50,769,231 shares at 65 cents, giving the company a market cap of $133 million. Shares are now up to 68.5 cents.
BirdDog is a global video technology company that enhances the speed, quality and flexibility of video through a range of network-connected solutions augmented with Network Device Interface (NDI).
This enables video-compatible products to communicate, deliver and receive ultra-high-definition video over an IP computer.
The company is led by Jon Dixon as Chair and Dan Miall as Co-Founder, Managing Director and CEO.
In FY21, BirdDog tabled total annual revenue of $38.2 million with growth remaining strong throughout the COVID-19 pandemic.
BirdDog stated it would use the funds to enhance its supply chain, build inventory, invest in its product roadmap, develop parallel manufacturing facilities and increase global sales and marketing.
Mr Miall is excited to be listed on the ASX.
“An IPO represents a substantial milestone for the company, delivering the funding needed to support BirdDog’s next chapter of growth, its strategic vision and technology roadmap,” he commented.
“We are highly confident of our team’s ability to continue to solidify our position as the global leader in NDI enabled video technologies and we look forward to delivering on products, technology and sales through the balance of FY22 and well beyond.”
On its first day of trade, shares in BirdDog were up 1.45 per cent on the market and were trading at 70 cents.