Today is a milestone not only for MYOB but for the Australasian technology sector. From what I gather, we are Australia’s largest software IPO.
Our start of trading at 12pm today follows the lodging of our prospectus in late March, and a series of meetings with over 200 potential investors across ANZ, Asia, the UK and the US. The reception to MYOB and our transition to the cloud has been very positive and we’re looking forward to having some great global investors on our register.
We are often referred to as the incumbent, which comes as part of being a company going back more than two decades.
The MYOB that we took public today is not a company that rests on its incumbency, but rather a team of over 1100 people that have embraced disruptive technology to transform our business.
This is the beginning of the next phase for MYOB. I am incredibly optimistic about the future of our company as more and more small businesses turn to the cloud to manage their accounts.
It would be remiss of me not to take the opportunity on a day like today to say thank you to all our clients and partners who have contributed to who we are today. We only exist to serve you and it is your loyalty that has enabled this to happen. Thank you.
Going public is a momentous occasion, and one the whole MYOB team are very proud of, to say the least. I am grateful for the support of our team and those that helped us achieve this milestone in our business.
As a public company, we’re now focused on executing our strategy, growing our business and continuing to innovate to create value for our new shareholders. We look forward to sharing the journey with you.