SUPERLOOP ANNOUNCES IPO

ASIA-FACING telecommunications infrastructure provider Superloop has leaped into an IPO with intentions to soon list on the ASX and raise $17.5 million.

The Brisbane company, created by Bevan Slattery (pictured) and to be headed by Daniel Abrahams, boasts the vision of building the leading independent provider of fibre connectivity services across Asia Pacific.

Superloop's initial key assets include a 15-year exclusive right to a 130km fibre network within Brisbane, Sydney and Melbourne connecting many of the key data centres within those metropolitan areas and includes customers such as iiNet, M2 and Annitel.

The company has also recently acquired a strategic underground duct network spanning approximately 120km in the Asian telecommunications hub of Singapore and is currently undertaking the rollout of its fibre optic network. 

At the A$1.00 offer price, Superloop will have a market capitalisation of A$90 million on completion of the offer. 

It anticipates to begin trading on the ASX in June.

Superloop founder and executive chairman Bevan Slattery, whose previous ventures have included TPG-acquired Pipe Networks and the ASX-listed data centre provider NEXTDC, says Superloop's IPO and planned ASX listing will assist the company's international strategy.

"Superloop's initial key network assets reflect our investment philosophy, that is, to build and acquire telecommunications assets in markets of high interconnectivity density with favourable industry dynamics," says Slattery.

Once Superloop's Singapore fibre optic network is rolled out, it will interconnect major data centre and submarine cable landing station locations including Equinix SG1, SG2, SG3; Global Switch and Digital Realty; and Singtel's Katong and Tuas Cable Landing Stations.

By connecting more than 80 data centres in four key markets, there is a view of buying into a large share of the growing wealth of data in the Asia Pacific.

The Superloop board also includes non-executive directors Michael Malone (founder and former CEO of iiNet Limited), Greg Baynton (former Director of PIPE Networks Limited and NEXTDC Limited and Asia Pacific Data Centre Limited) and Louise Bolger (telco and media lawyer, General Counsel for Emerchants Limited, and former General Counsel for Southern Cross Media and PIPE Networks Limited).

Proceeds from the Offer will be used to complete the construction of the Australian and Singapore networks, operate and maintain those networks, hire additional sales professionals and continue to evaluate new growth opportunities.

The offer is managed and fully underwritten by Moelis Australia Advisory Pty Limited and Morgans Corporate Limited (the Joint Lead Managers).