SYDNEY: CleanSpace Holdings Ltd listed on the Australian Stock Exchange (ASX) with a market capitalisation at the time of listing of A$339.7 million.
CleanSpace is an Australian company based in Sydney which designs, manufactures and sells workplace respiratory protection equipment (RPE) for healthcare and industrial end markets.
The initial public offering (IPO) raised $131.4 million (including a primary raise of $20 million and a secondary sell-down of $111.4 million). Bell Potter Securities and Wilsons were Joint Lead Managers to the IPO.
CleanSpace Executive Director and Chief Executive Officer, Dr Alex Birrell said: “We are excited about becoming a listed company. We welcome the new shareholders and thank them for the level of interest and support for an Australian manufacturer and technology exporter.
“The additional capital raised through the IPO will be directed towards growth activities, in particular into sales and marketing activities. Our priority is our enterprise customers and ensuring we bring our next generation best practice respiratory protection to their workforce.
“CleanSpace products, with AirSensit technology, offer significant benefits including higher protection, greater user comfort and cost effectiveness. Our track record of successfully competing in core industrial and healthcare markets positions the business for sustained growth.
“We hope to follow other Australian medical technology companies like ResMed and Nanosonics in expanding Australia’s manufacturing and innovation capabilities.”
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