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intelliHR Holdings will list next week after raising $4.5 million in IPO

The company has a cloud-based people management and data analytics platform.

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HR processes are combined with data analytics

intelliHR Holdings Limited (ASX:IHR) will list on the ASX on Tuesday 23 January after raising $4.5 million in its IPO at an offer price of $0.30 per share.

The cloud-based people management and data analytics platform also raised $4 million in a pre-IPO offering.

The company closed the IPO early due to strong investor demand.

Company launched in 2013

intelliHR, which launched in 2013, combines the automation of HR processes with data analytics.

It believes that Software-as-a-Service (SaaS)-based systems will become industry standard in HR management in the near future.

Rob Bromage, managing director, said: “Going into the IPO process, we knew there was strong interest but we have been significantly oversubscribed, so it’s certainly a sign of a very exciting new chapter we are about to embark on.

“I believe the success of the IPO has put us in a very strong position as we head into our ASX listing.

“We intend to invest the capital into further development of our world-class technology and also into our expansion strategy.”

Quick facts: intelliHR Holdings Ltd

Price: 0.06 AUD

ASX:IHR
Market: ASX
Market Cap: $9.32 m
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