Business
Nuix sinks 17pc as prospectus targets fall by the wayside – The Australian Financial Review
The services company was the hottest float of last year in December, but only a few months later, it’s no longer the golden child of Aussie tech.
The company also attributed the slowdown to some of its law firm, advisory and service provider clients deciding not to take on additional add-on services as part of their existing licences, in part because the bounce back in legal caseload has been slower than expected through the COVID-19 recovery.
But chief executive Rod Vawdrey remained optimistic about the growth opportunities for the business and said offering these other licensing models was critical to the long-term success of the company.
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