Megaport has revealed plans to take its SDN-powered interconnection platform public down under. The two-year-old operator has applied to list on the Australian Securities Exchange (ASX).
Megaport specializes in connecting enterprises to their cloud services with 'elastic interconnects', and has developed its own SDN-powered platform. Over the summer, The company revealed plans to expand into North America, dedicating $10M in spending over the span of a year to move into a series of the biggest markets in the US. We interviewed CEO Denver Maddux here on Telecom Ramblings in August, where he detailed the company's expansion plans.
If all goes well, they hope to be trading on the ASX in December and raise some $25M. That will help with those international expansion plans, which also include European markets. In 2016 Megaport plans to expand its reach into 45 data centers worldwide.
At the AUS$1.25 offer price, their marketcap would be AUS$87.5M.