E-commerce security provider plans to listeSec Limited, an e-commerce security provider and a subsidiary of the Aust-ralian Computing and Communications Institute (ACCI), plans to list on the Australian Stock Exchange. The online security company is seeking $6 million from the float and will offer 15 million ordinary shares at 40 cents each. eSec has been in operation since 1995 as a subsidiary of the ACCI and targets the managed network security services, e-commerce middleware and Internet payment services market, the company said in a release.
Melbourne ISP enjoys stunning ASX debut
Melbourne ISP IT&e's debut on the stock exchange on Friday December 3 was a success compared with other recent ISP listings with shares, jumping from 60 cents to $1.15 then falling to 91 cents at the close of trading last Tuesday. More than one and a half million shares traded and the company raised almost $50 million from the float.
Its Sydney rival eisa is not doing as well with the stock still trading below its listed price of $1.00. However, the stock is holding firm at around 88 cents (last Wednesday's price). Meanwhile, the SMH reports eisa to be rolling out fibre-optic access with United Energy Telecommunications along the eastern seaboard.
Volante gains 34 cents a share
Hardware reseller and integrator Volante listed successfully and rose from the asking price of $1.70 to a high of $2.04 before closing at $2.03 last week. More than 3.6 million shares traded and the float raised just over $36 million. A large portion of the funds raised has been earmarked for staff share plans.