You’ve probably read about it in the papers, but our friends at H2 Ventures are launching an Australian first IPO of a Listed Venture Company called H2Ocean that will specifically invest in early stage and growth stage fintech companies.
With notable identities David Koch and Wyatt Roy involved, H2Ocean is seeking to raise a minimum of $27.5 million and a maximum of $55 million. Come and find out more from founders Ben Heap and Toby Heap about the innovative launch at the information night.
This is an exciting development in the Australian fintech scene and is an ecosystem enabler which could help to stimulate the funding environment for early stage fintech startups.
See full details of the information session below:
H2Ocean is a first-to-market Listed Venture Company that will invest in between 15 – 50 early stage and growth stage fintech companies. These companies look to offer new and better products, services and business models, and have the potential to become major financial services industry participants in the future.
Investors in the H2Ocean IPO will be entitled to participate in the H2Ocean Private Syndicate. Administered by Equitise, the H2Ocean Private Syndicate will allow private investors to access direct Fintech ventures alongside H2Ocean. This is a unique way for all investors to access Fintech venture investments.
Access unlisted fintech investments in a globally diversified portfolio;Invest alongside leading venture investors;The potential to hedge existing bank exposure within a portfolio;Under the leadership of an experienced investment team and Board.
H2Ocean is seeking to raise a minimum of $27.5 million and a maximum of $55 million through the issue of ordinary shares at a share price of $1.10. Each share will have a free attaching option that will vest on the first anniversary of official quotation to the ASX and are exercisable on a one-for-one basis on or before 19 April 2018.
The Investment Manager
The Manager of the portfolio, H2 Ventures Pty Limited, is led by founding partners Ben Heap and Toby Heap. Both are experienced fintech investors, bringing over 30 years of expertise with respect to financial services and principal investment. The Manager estimates that the Portfolio will take approximately 18 months to fully construct and is expected to consist of between 15 and 50 investments.
In the short to medium term, the Manager will be responsible for identifying and investing the Company’s funds in early and growth stage Fintech Ventures. In the longer term, the Manager intends to proactively seek opportunities to exit these investments when there are financially attractive opportunities to do so.