Singapore-based iBosses Corporation (ASX:IB8) has been admitted to the Australian Securities Exchange list after raising $2.7 million through its initial public offering. Proceeds from the offering will be used to review and evaluate potential new assets and complimentary businesses; invest in the expansion of its existing business centres and the set-up of new business centres; and develop the iBosses Digital Platform. iBosses provides training and consultancy products and services for entrepreneurs. It derives income principally from: – Fees paid by its clients for training and consultancy products and services; and – Licence fees payable by the licensees of the company’s products and services model. The company had sought to raise up to $5 million with a minimum of $2.5 million from its IPO priced at $0.201. Official quotation of the company’s securities will commence at 1PM EST on Wednesday, 30th September 2015.
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