Waterford start-up Kollect begins IPO road show

Waterford waste management tech start-up Kollect is to start a roadshow in Ireland for potential investors to get behind its stock market debut that values it at €7.5m.

Kollect on Demand, which was founded four years ago in 2015 by Robbie Skuse, John O’Connor, Jamie Walsh and John Hegarty, has published an IPO prospectus for its initial public offering (IPO) on the Nasdaq First North market in Stockholm, Sweden, on 19 December.

Many Irish start-up and SME companies will be watching the development with interest as a potential route to funding their future growth.

Kollect provides online booking of waste collection and disposal across Ireland.

It opened its first UK office in Manchester in September.

Call on Kollect

The company held investor meetings in Sweden last week and this week it returns to Ireland for meetings in Dublin on Thursday (November 28) and its hometown Waterford on Friday (November 29).

It is envisaged that the IPO will transform Kollect’s business and valued it at circa €7.5m.

The flotation in Stockholm follows a similar IPO by Dun Laoghaire construction software firm Zutec last year.

More than 2m shares will be issued and so far 38pc of the offering has been subscribed to by external investors and current shareholders.

The subscription period for the offering runs from 25 November 2019 to 10 December 2019.

Interested Irish investors can meet the company and see its investment case presentation in Dublin on Thursday and its hometown Waterford on Friday this week as follows:

  • Dublin – 12.30, Thursday November 28 – Westbury Hotel
  • Dublin – 18.00, Thursday November 28 – Westbury Hotel
  • Waterford – 8.30, Friday November 29 – Granville Hotel
  • Waterford – 12.30 Friday November 29 – Granville Hotel

Pictured above (from left): John Hegarty, John O’Connor, Robbie Skuse and Jamie Walsh

Written by John Kennedy (john.kennedy3@boi.com)

Published: 26 November, 2019