Initial Public Offering of Straker Translations Limited
Deal typeCapital markets
IndustryProfessional Services
Client nameStraker 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.
BDO engagement
Straker engaged BDO as Independent Financial Accountant, Independent Tax Advisor and Auditor. Market capitalisation at listing was $79.4m.
The Board of Straker engaged BDO for the company’s listing on the Australian Securities Exchange. The BDO teams in Australia and New Zealand provided us with an extremely high quality service. Their pragmatic and efficient approach enabled tight timetables to be fully met and the reports produced were of a very high quality.