Business
From Utegate to Panama Papers: Nuix puts data forensics on ASX map – Sydney Morning Herald
A decade on from helping unpack the Utegate affair, the Sydney-based software maker Nuix has pulled off a blockbuster IPO.
Nuix has built its business model on sifting through this so-called unstructured data and its this ability that caught the attention of the millionaires factory – Macquarie Group – in 2011.
That investment has now seen Macquarie mint a billion-dollar payday as Nuix became a publicly listed company. The investment bank used the float to sell down its stake in Nuix from 76 per cent to 30 per cent. At the $1.8 billion market valuation, new investors are paying an eye watering $9 for every dollar of…
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