Firmus rival Sharon AI to float on ASX by June
Chief executive James Manning wants his company to complete the dual-listing this quarter. But the impending global roadshow may throw up some personal questions.
AI infrastructure company Sharon AI will float on the local exchange before the end of June, according to chief executive James Manning, who has dismissed fears of market volatility that have forced other ASX hopefuls to rethink their plans.
“We’re very committed to listing this quarter,” Manning told Capital Brief.
“We’re aware of market volatility and we’ll continue to watch it. But the reality is we committed to investors when we did our convertible note last year that we would list, and we will list in Australia.”
Manning’s latest timeline signals a delay to the previous schedule. He told Capital Brief last month he hoped to formalise the IPO process in April and May, and possibly “accelerate it based on a few components”.
As part of an imminent investor roadshow, Manning is planning engagements with investors in Asia, the US and Australia. He declined to comment on the exact timing of the roadshow, or whether he expects the IPO raise to be more or less than the USD125 million ($177 million) Nasdaq float.
