Amaysim lists on the stock exchange

On July 15th 2015, Amaysim debuted on the Australian stock exchange. At the close of trading the company finished 5% up for the day after a shaky start during the morning session.

With global equity markets on a downward turn, many companies have delayed their IPO’s so Amaysim’s foray into this area has required guts. The company’s IPO has raised over 207 million dollars with a share price of $1.80 each. The price of $1.80

The shares started below it’s issuing price and eventually closed at $1.90. During the trading day, over 8 million shares were traded which represents about 5 percent of the company’s equity.

Amaysim is a VAS (Valued added reseller) of the Optus mobile network. Amaysim do not have any infrastructure of their own and simply act as a reseller. The company provides phone services only and has a subscriber base of over 700,000 customers. It is hoping to have over one million customers by 2019.

To purchase a plan with Amaysim, use an Amaysim Coupon code available here.

DealsDirect purchase TopBuy

In a move that has not surprised many, DealsDirect has continued on it’s acquisition strategy with it’s latest big purchase, TopBuy.com.au. The company is intending on making TopBuy a subsidiary of it’s DealsDirect Group.

TopBuy currently have 200,000 active customers and along with this boost, DealsDirect will utilise the infrastructure that TopBuy currently have in place. The most important part of this infrastructure being the ability to ship goods to customers in Australia directly from China.

ToBuy has been around since 2007 and has an annual turnover of approximately 10 million dollars. They sell in similar categories as DealsDirect which includes electronics, clothing and home wares.

DealsDirect purchase TopBuy with  a mix of $325,000 in cash and shares in the company.

DealsDirect are also planning on more aquisitions into the future as they try to accelerate their growth plan.

For a DealsDirect coupon, check out this site.