IXT was established to acquire Global Merces Funds Management Limited (‘GMF Management’) and FUND ID Pty Ltd (‘FID’). These two companies provide complementary services to stakeholders and participants in the asset and wealth management industry.
The principle objective of IXT is to focus on providing the following services through the respective acquisitions: Funds management through GMF Management, including advisory, Responsible Entity, Trustee, Custodian and marketing and distribution services; and Fund administration services through FID, including online technology-based fund administration solutions for fund managers and members.
IPO funds will be used to invest in the research and development of technology and software, secure future strategic acquisitions, provide working capital, increase GMF Management’s Net Tangible Assets position, fund the expenses of the Offer and the associated costs of listing IXT on the ASX.
Pay by: 11 December 18
List Price: $0.20
Minimum Investment: $2,000
Maximum Investment: None