InPayTech Limited Initial Public Offer closed to Institutional subscribers

InPayTech Limited Initial Public Offer closed to Institutional subscribers

November 16, 2016

Retail investors have access to Offer until Friday November 18, 2016

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Integrated Payment Technologies Limited (InPayTech) has closed its Initial Public Offer (IPO) to Institutional investors but will remain open to Retail investors until 5:00pm this Friday, November 18, 2016.

InPayTech Limited Executive Chairman Don Sharp said the IPO had exceeded its maximum capital target raising of $5,000,0000.

“We can now confirm that the Institutional offer is closed. The offer remains open to retail investors. The formal close date will be observed this week, unless the requisite spread needs for listing required by the Australian Securities Exchange (ASX) are not met,” he said.

Integrated Payment Technologies Limited (InPayTech) is an Australian financial technology business, creating an innovative overlay capability with broad domestic and global applications across banking, wealth management, pensions and financial services.

InPayTech has patents in place globally and is under the eye of offshore banks and others for its innovative overlay capability in payments.

Wednesday, 16 November 2016

Media Contact:
Bruce Madden
Financial Media Services
+61 (0) 412 372 543
Bruce@financialmedia.com.au

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RegTech tops FinTech for innovation opportunities

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ATO Single Touch Payroll a looming efficiency boon to business and payroll, superannuation sectors

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