Business
$1.7 billion Aussie tech company finally lists on ASX
Australian unicorn Nuix Limited (ASX: NXL) will list on the ASX on Friday, making more than $1 billion for majority investor Macquarie Group Ltd (ASX: MQG).
Nuix makes analytics software that serves big government and law enforcement agencies. The Sydney company’s flagship product is an unstructured data processor named the Nuix Engine.
The software was even used to process 11.5 million documents during the famous Panama Papers investigation in 2016.
Investors have thus anticipated the float for several years now.
This year’s blockbuster listing of similarly mysterious US analytics provider Palantir Technologies Inc (NYSE: PLTR) has pumped up the hype for Nuix even more.
Palantir shares floated in October with a reference…
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