TVL - Touch Ventures

[System]

Touch Ventures is an Australian investment holding company with broad flexibility as to how it deploys its capital in seeking to achieve its investment objectives. Touch Ventures has formulated an investment strategy focused on seeking to deploy capital towards high growth, scalable investment opportunities.

Touch Ventures intends to build a portfolio of investments in high growth, scalable companies, in accordance with its investment strategy. In particular, it believes there are compelling investment opportunities in companies in the growth-stage of their development within the retail innovation, consumer, finance and data segments. Touch Ventures may also allocate up to approximately 5% in aggregate of its overall portfolio for investments in early-stage companies.

Touch Ventures' investments will include initial investments, including acquisitions of securities in new portfolio companies, and participation in follow-on raisings by existing portfolio companies.

It is anticipated that TVL will list on the ASX during September 2021.

Touch Ventures | Venture Capital

Touch Ventures is an investment holding company focused on high growth, scalable investment opportunities globally, including those who may benefit from Afterpay's ecosystem

www.touchventures.com

 

[Dona Ferentes]

Listing date	29 September 2021 11:00 AM AEST ##
Company contact details	https://www.touchventures.com/
Principal Activities	Investment entity
GICS industry group	TBA
Issue Price	AUD 0.40
Issue Type	Ordinary Fully Paid Shares
Security code	TVL
Capital to be Raised	$100,000,000
Expected offer close date	17 September 2021
Underwriter	Bell Potter Securities Limited (Underwriter/Lead Manager)

 

[Dona Ferentes]

and Touch Ventures has listed on the ASX today ... IPO at 40c, opened at 58c, ran quickly to 74c and is now back around the 56c level, half an hour into trading.

Is this the same Touch entity that was involved in the July 2017 formation of APT?

Afterpay and Touch have merged to become the Afterpay Touch Group

 

[Dona Ferentes]

.. an Australian investment holding company with broad flexibility as to how it deploys its capital in seeking to achieve its investment objectives.

and aren't they doing well, a couple of years down the track..
Since listing :

.

Touch Ventures has formulated an investment strategy focused on seeking to deploy capital towards high growth, scalable investment opportunities.

deploy or destroy?

.
While at the track, and to paraphrase those who failed to pay attention at school during maths;
"Carn, back y'selves*!"
.
*out of the hole

 

[Dona Ferentes]

i noticed TVL put some cash into this, but likely only a mill or so.

Ordermentum, whose digital system is used by 40,000 pubs, clubs and cafes, has raised $16 million in fresh capital to drive growth