For those in Melbourne – see you this evening for some bowls and beers with the PEAK TEAM!
For those in SA, QLD, NT, TAS, WA, NSW …. we cannot wait to see you in 2021!
Last night, a selloff in some of the world’s biggest technology companies weighed heavily on the equity market Wednesday, dragging down stocks amid dimming prospects for fresh stimulus.
The S&P 500 slid from a record, while the Nasdaq 100 headed toward its biggest slump since the end of October. Facebook Inc. sank after being sued by U.S. antitrust officials, while Tesla Inc. tumbled as JPMorgan Chase & Co. called it “dramatically” overvalued.
Zoom Video Communications Inc., one of the biggest stay-at-home winners, plunged after an analyst downgrade.
The Russell 2000 index of smaller companies was down half as much as the tech-heavy gauge. DoorDash Inc. defied the market weakness — almost doubling in its debut — before Airbnb Inc.’s initial public offering.
Source: Bloomberg
Melbourne-based PlaySide Studios is set to become the first Australia-based games development company to list publicly when it joins the ASX boards on December 18.
The company has raised $15m from investors in a funding round led by Cannacord Genuity, giving it an indicative valuation of around $70m. PlaySide Studios shares will debut with a listing price of 20c.
Ahead of the listing, Stockhead caught up with co-founders Gerry Sakkas (CEO) and Mark Goulopoulos (director) to discuss the company’s outlook.
Sakkas highlighted that with an established business model already in place, the capital injection comes at the right time for PlaySide to scale up.
The company generates income via its suite of mobile games, with revenue generated through advertising and in-app purchases.
PlaySide Studios booked revenues of $7m for the 2020 financial year, with total game downloads of 4.6m.
Sector: Consumer Discretionary
Year: 2019
Deal Type: Placement
Raise Amount: $2.2m
Price Change: $0.042 -2.33%
Sector: Consumer Discretionary
Year: 2018, 2019
Deal Type: Seed, Bridging and IPO
Raise Amount: $10m
Price Change: $0.13 +4.00%
Sector: Satellite Communication
Year: 2020
Deal Type: Placement
Raise Amount: $5m
Price Change: $0.026 -5.45%
Sector: Vertical Farming
Year: 2020
Deal Type: Placement
Raise Amount: $1.53m
Price Change: $0.090 +18.42%
Sector: Technology
Year: 2018
Deal Type: Seed and IPO
Raise Amount: $10m
Price Change: $0.068 -4.23%
Sector: Mining
Year: 2017
Deal Type: Seed & IPO
Raise Amount: $5m
Price Change: $0.20 Unchanged
Sector: Mining
Year: 2017
Deal Type: IPO & Placement
Raise Amount: $6m
Price Change: $0.050 +4.17%
Sector: Healthcare Equipment and Services
Year: 2016
Deal Type: IPO
Raise Amount: $8m
Price Change: $0.085 +6.78%
Sector: Materials
Year: 2016
Deal Type: IPO
Raise Amount: $9m
Price Change: $0.021 -16.00%
Sector: Biotechnology
Year: 2015, 2017, 2018
Deal Type: Placements & IPO
Raise Amount: $5m
Price Change: $2.71 -4.58%
Sector: Media an Entertainment
Year: 2016
Deal Type: Reverse Takeover
Raise Amount: $4m
Price Change: $0.033 -2.94%
Sector: Mining
Year: 2018, 2019, 2020
Deal Type: Placements & Rights Offer
Raise Amount: $1.5m
Price Change: $0.010 +11.11%
Sector: Discretionary
Year: 2020
Deal Type: Placement
Raise Amount: $1.3m
Price Change: $0.12 Unchanged
Sector: Gaming
Year: 2020
Deal Type: Placement
Raise Amount: $1.25m
Price Change: $0.16 Unchanged
Sector: Mining (Gold)
Year: 2020
Deal Type: Placement
Raise Amount: $982k
Sector: Mining (Gold/Silver)
Year: 2020
Deal Type: Placement
Raise Amount: $2.3m
Price Change: $0.014 Unchanged
Sector: Hemp & CBD
Year: 2020
Deal Type: Pre IPO
Raise Amount: $2.5m
Sector: Psychedelic assisted therapy
Year: 2020
Deal Type: Placement
Raise Amount: $2.5m
Price Change: CAD $0.11 Unchanged
Sector: Mining
Year: 2020
Deal Type: Placement
Raise Amount: $330k
Price Change: 0.033 -2.94%
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
