ClearVue set for ASX debut after $5m IPO

24/05/2018 - 15:00

Specialist glass company ClearVue Technologies will commence trading on the ASX tomorrow after raising $5 million via an initial public offering.

ClearVue set for ASX debut after $5m IPO
The company issued 25 million shares at 20 cents each.

Specialist glass company ClearVue Technologies will commence trading on the ASX tomorrow after raising $5 million via an initial public offering.

The company issued 25 million shares at 20 cents each, with Ventnor Securities acting as lead manager to the placement.

ClearVue's core product offering is energy efficient, clear glass that generates electricity.

Funds from the offer will be used primarily for commercialising the company’s window glazing technology, which has been developed with research support from Edith Cowan University.

ClearVue is led by executive chairman and founder Victor Rosenberg, who has more than 40 years’ experience in the glass industry.

“Unlike other solutions on the market, which use materials that are not completely transparent, ClearVue’s technology maintains clear glass,” Mr Rosenberg said.

“This is a fundamental property of glass as a building material as it visually allows people to connect with the outside world.

“We have already shown that there is significant potential for our product, having already been awarded a federal government grant to construct a greenhouse using our patented technology.”

Jamie Lyford is the company’s executive director and has over 20 years’ experience working in the areas of intellectual property, licensing, commercialisation and technology.

The company had been aiming to raise $6 million.

Steinepreis Paganin acted as the company’s solicitor while ICW Capital acted as corporate adviser.

 

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