Superloop (ASX: SLC) Surges 96% Day One of Trading

Superloop (ASX: SLC) Surges 96% Day One of Trading

Superloop (SLC) closed 96% higher on day one of trading at $1.96. IPO Society members received the opportunity to participate in a ring fenced broker allocation at an IPO issue price of $1.00 per share. The shares experienced strong volume with more than 3.5 million being traded.

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Superloop (SLC) 

 

Superloop is a telecommunications infrastructure company established in 2014. The company aims to become a leading provider of data connectivity services in the Asia Pacific region (initially Singapore & Australia).

The founder, Bevan Slattery, previously founded NEXTDC which has a current market capitalisation of roughly $450 million.

Specifically, Superloop invests in fibre optic telecommunications infrastructure between key points of high interconnection density (for example, data centres and submarine cable landing stations).

Post IPO Bevan Slattery and his associated entities will own 66.7% of the business.

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The key driver of the Superloop business is the ever increasing creation, consumption and movement of data:

– By 2017, the Asia-Pacific region is projected to overtake North America as the largest generator of cloud traffic in the world

– Global centre traffic is forecast to grow at a Compounded Annual Growth Rate (CAGR) of 23%

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– By 2018, IP video traffic is expected to be 79% of total global consumer internet traffic, up from 66% in 2013

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– In 2014, the number of mobile connected devices grew to 7.4 billion, exceeding the world’s population

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key Assets

In Singapore, SLC has recently completed the acquisition of an underground duct network spanning approximately 120km through which the Company has commenced installing its fibre optic cables.

Superloop’s Australian asset comprises of separate rights to access fibre networks connecting key data centres in each of Brisbane, Sydney and Melbourne.

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Existing Customers

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Superloop secured customers on its Australian network through service innovation. With these cornerstone customers committing to longer-term service agreements (five years or longer). These contracts are expected to cover the direct operational and maintenance costs of the Australian network, while leaving significant capacity for the sale of additional services to new customers.

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We look forward to following company developments over the coming years.

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The team at

IPO Society

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Superloop (ASX: SLC) Surges 96% Day One of Trading