Posts Tagged ‘Moko’

Australia social media company MOKO to list on the NASDAQ

Wednesday, July 2nd, 2014
Photo credit; Richard Patterson on Flickr

Photo credit; Richard Patterson on Flickr

Australian app development company MOKO Social Media will soon be listed on the NASDAQ.

The company’s public offering price is set to be between $US7.50-9.00 per American depositary shares (ADS), with each ADS representing 40 ordinary fully paid MOKO shares. That is equivalent to a price range of $A0.20- 0.24 per share.

MOKO’s flagship app REC*IT uses data provided by colleges through an exclusive agreement to help organise student recreational and sporting activities.

The free app is to be adopted across 700 colleges by the end of September, with a reach of 10 million possible users. This will allow advertisers to directly target a highly attractive and segmented audience.

Chairman Greg McCann said the possibilities of this audience are part of the reasoning behind the ASX-listed company’s decision to dual list.

“[The US] is a very big market, and it’s a very sophisticated market — We really wanted to give American investors the opportunity to invest, because they were probably more likely to put a truer value on the stocks that you would in Australia,” he said.

“There’s not a lot of technology stocks here, particularly doing what we’re doing,  which is really pushing the boundaries into a new area.”

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Australian social mobile advertising site Moko set to tap into US colleges

Monday, September 16th, 2013

From its humble beginnings as a five-person operation above a Perth hairdresser just a few short years ago, Moko has come a long way.

Photo credit; Richard Patterson on Flickr

Photo credit; Richard Patterson on Flickr

And it is now set to try and crack the United States college market with its mobile social media advertising platform, plus a $US1 billion capitalisation on the world’s biggest technology stock exchange.

Next month, the Western Australia company will launch a service to connect advertisers with 5 million American college students, the ready-made audience that gave Facebook its start.

Although this means it will be competing with Google and Facebook for a portion of the $US7.65 billion ($A8.5 billion) US mobile advertising market, this is the first stage of a plan to list on Nasdaq, according to chief executive officer and founder Ian Rodwell.

Its first major deal with the American Collegiate Intramural Sports (AMIS) association gives it an initial audience of 5 million university students (out of 21.6 million) at 200 colleges across the country.

To read more on this story, click here.