Absolute Software Corporation, a cloud-based service provider, has filed Form F-10 Registration Statement on October 26, 2020 with the U.S. Securities and Exchange Commission to raise up to $65 million IPO. Pricing terms are yet to announce.
The company ensures the connectivity, visibility, and control of data and devices independent of the operating system, empowering devices to recover automatically to a secure operational state without user intervention.
The Vancouver, Canada-based company was founded in 1993 and booked $105 million in sales for the 12 months ended June 30, 2020. It plans to list on the Nasdaq under the symbol “ABST.” Needham & Co. and Canaccord Genuity are underwriters of the IPO.
The company engages Blake, Cassels & Graydon LLP as US Securities Counsel, and Deloitte LLP as Independent Auditor.
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