NNG - NEXION Group

[System]

NEXION provides Hybrid Cloud infrastructure used by corporations to host their core business systems. Hybrid Cloud describes the combined use of dedicated private compute infrastructure with publicly available Cloud services such as those offered by Amazon and Microsoft to optimise the price and performance of corporate IT systems.

Hybrid Cloud is one of the fastest growing segments of the IT industry today as corporations accelerate their migration from traditional owner-operated compute resources to pay-as-you-go platforms.

Since establishing the business in 2017, NEXION has achieved an annual compound growth rate of 137% and established two new OneCloud Nodes in Perth and Melbourne. The next phase of their growth will see the Company deploy to additional Australian locations, supplement these nodes with software-defined wide-area network (SD-WAN) capability then expand globally to deploy OneCloud Nodes in regions that may include New Zealand, Africa, North America and Europe.

It is anticipated that NNG will list on the ASX during January 2021.

https://www.nexiongroup.io

 

[Dona Ferentes]

no sight of this IPO to date

Company contact details	https://www.nexiongroup.io/ 1300 436 110
Principal Activities	The development of cloud, network, security, and data centre technology offering Hybrid-Cloud services and end-to-end information technology solutions to customers.
GICS industry group	TBA
Issue Price	$0.20
Issue Type	Ordinary Fully Paid Shares
Security code	NNG
Capital to be Raised	$8,000,000
Expected offer close date	16 December 2020
Underwriter	Not underwritten. Bridge Street Capital Partners (Lead Manager)

 

[Dona Ferentes]

hit the boards on 18 Feb, under the IPO amount for most of Day One but has seen buying interest since then:

5 min chart since IPO