IPO Watch: BirdDog completes a pre-Christmas ASX itemizing and beneficial properties on debut

Video expertise firm BirdDog Know-how (ASX:BDT) accomplished an ASX itemizing lower than per week earlier than Christmas.

The agency presents options that improve the standard, pace and suppleness of video permitting high-definition video to be delivered with low-latency and throughout present laptop networks.

It has a signature software program platform in addition to cameras, digital camera equipment and good show modules.

Picture through BirdDog

BirdDog IPO

After elevating $33m at 65c per share, BDT inventory rose in day-one commerce and by mid-afternoon, shares within the firm had been buying and selling at 68.5c for an IPO achieve of round 5%.

BirdDog was based in Melbourne in 2016 and advised potential ASX shareholders in its IPO prospectus it has seen heavy demand of late because of folks working from dwelling and counting on digital conferences.

The corporate’s companies is utilized by skilled broadcasters in addition to advertisers and firms conducting digital conferences. In FY21 it recorded revenues of $38.2 million and earnings of $2.4 million.

CEO Dan Miall mentioned the ASX IPO was a milestone for BirdDog enabling it to develop to the following stage.

“We’re lucky to have secured numerous key cornerstone traders and are delighted with the response the IPO has acquired from institutional, skilled and retail traders,” he mentioned.

“This important stage of curiosity is validation of the corporate’s efficiency thus far however extra importantly our development alternatives trying ahead.

“We’re extremely assured of our group’s capacity to proceed to solidify our place as the worldwide chief in NDI enabled video applied sciences and we stay up for delivering on merchandise, expertise and gross sales via the steadiness of FY22 and properly past.”

Shares rose as excessive as 12% this morning.

BirdDog Know-how (ASX:BD1) share value chart


Comparable firms

There is just one different inventory providing companies for broadcasters in Entry Innovation Holdings (ASX:AIM) or Ai-Media which offers translation companies.

This firm listed in September 2020 however sadly has almost halved since itemizing.

One firm within the digital camera area, albeit catering for photographers and Instagrammers is Atomos (ASX:AMS).

It had a optimistic FY21 with revenues of $78.6 million – up 77% on the prior corresponding interval – and earnings of $8.2 million, up from a lack of $7.1 million in FY20.

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