Hardware distributor, Dicker Data, has reached the 500 shareholders required and should be set to float on the ASX in January.
David Dicker and his former wife and co-business owner Fiona, will retain 96 per cent of shares.
Using the ticker DDR, Dicker plans to release more shares to the public next year. The distributor engaged with Stonebridge Securities to assist in gaining the last few shareholders for the IPO.
“We’ll be increasing the size of the float,” Dicker said. “Being a public company won’t make any difference to how we operate, we’ll continue in the same way. It won’t change very much because our books have been audited for the past 10 years and we’re well acquainted with the all the processes.”
Dicker reiterated floating the company was not an exit strategy.
“I’m not remotely interested in getting out of the business. I like going to work and that won’t change,” he said.
In November, Dicker Data posted the prospectus details for interested parties to purchase up to $2000 worth of shares at $0.20 each.
At the time, Dicker said there wouldn’t be any trouble reaching the 500 shareholders required.
Dicker first discussed his intentions to list the company in March.