ArchTIS off to relaxed start.

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It’s been a little while since we’ve seen a tech based IPO, but Cyber Security provider ArchTIS (AR9) quietly joined the ASX today amid all the excitement of the Althea launch.

Far from a startup, ArchTIS has already been in operation for over a decade and has racked up approx 13M in revenue over the past 6 years alone.

Investors needed only put up the obligatory 20 cents per share during the float and the market seemed comfortable with this as trade opened at around the same figure.

The real movement is yet to come with over 40% of the funds raised from IPO slated for further product development, sales, and marketing - with 2 notable launches scheduled for FY19/20.

Keep track on the 2018 Scorecard, we liked the look of this early on and we’ll be watching closely.