iBosses Reaches Minimum Subscription & Set To List On ASX
- Written by: Rachel Gemmell
iBosses Corporation Limited (“iBosses” and “Company”) is pleased to announce that the Company has reached the minimum subscription under the prospectus and is ready to list on ASX.
The prospectus offers 25 million shares at an issue price of $0.20 cents per share to raise up to $5 million with a minimum share subscription of $2.5 million representing the issuing of 12.5 million shares at $0.20 cents.
In commenting on the achieving the minimum subscription milestone, Dr Patrick Khor, Founder and Group Chief Executive Officer of iBosses Corporation Limited, said:
“We are delighted to reach the minimum subscription and be working towards the completion of the IPO process and the imminent listing of iBosses Corporation Limited on the Australian Securities Exchange.
“iBosses listing on the ASX brings iBosses closer to its aim of expanding its operation to include 2,000 centres covering major cities of diverse regions such as Johore Bahru (Malaysia), Jakarta (Indonesia), Hangzhou (China), Suzhou (China), Adelaide (Australia), Manila (Philippines), Phnom Penh (Cambodia), Cologne (Germany) and San Francisco (USA).”
iBosses employs the eight-level entrepreneurship acceleration process: Passion, Ideation, Validation, Implementation, Commercialisation, Replication, Fruition and Actualisation, to mentor entrepreneurs whose businesses presently focus on regional markets but have high potential and readiness to venture globally.
To assist start-up businesses in preparation for success, iBosses offers four business revenue models:
- Entrepreneurship Training
- Entrepreneurship Mentoring
- Entrepreneurship Digital Channel
- Entrepreneurship Licensing
iBosses’ e-system on Cloud is a digital platform that showcases start-ups from all over the world to investors, customers and other entrepreneurs allowing for convenient connections with potential members, co-founders, and crowd source.
In commenting on the imminent ASX listing, Mr Steven Lau, Independent Non-Executive Deputy Chairman of iBosses Corporation Limited, said:
“iBosses is committed to listing on the ASX as it offers a sophisticated capital market, an internationally recognised and sustainable corporate governance environment, and a suitable platform for the Group’s expansion.”
ABOUT iBOSSES
iBosses is an internationally recognised corporation that is dedicated to inspiring and leading potential entrepreneurs in their pursuit of success through individually-tailored training programs.
With a vision to be the global leading provider of Entrepreneurship Training and Development, iBosses’ services include Entrepreneurship Training, Entrepreneurship Mentorship, Entrepreneurship Licensing and an Entrepreneurship Digital Platform. These services are intended to nurture, groom and grow successful entrepreneurs via iBosses Global Platform.
Established in 2014, iBosses Corporation Limited is based in Australia, and has expanded to include multiple centres located in Singapore (iBosses Private Limited), Hong Kong (iBosses Hong Kong Limited) and Malaysia (YES Academy Licensee). iBosses has been registered as a member of the Franchising and Licensing Association (Singapore) – FLA Singapore – iBosses.
For more information please visit: www.ibosses.com
