Business
$1.7 billion Aussie tech company finally lists on ASX – Motley Fool Australia
Nuix’s much-anticipated IPO comes to a climax this week. But a pending court case could cost it and its new shareholders a lot of money.
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…
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