CropLogic hires Novus Capital for A$3M IPO prior to ASX list

CropLogic, a Christchurch-based developer of technology that allows farmers to more accurately control inputs such as fertiliser and water, plans to raise A$3 million in an initial public offering and list on the ASX.

The company, which has already raised just over $1 million including $512,000 via crowdfunding platform Equitise, says it hired Sydney-based Novus Capital to lead manage the IPO. CropLogic’s biggest shareholder is Christchurch-based, ASX-listed technology incubator Powerhouse Ventures, with about 43 percent, while government-owned NZVIF Investment holds about 17 percent.

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