Chrysos will spend the week in front of fundies, updating those it has met before and trying to win over newcomers to its story, ahead of a potential initial public offering in coming months.Chrysos is an Australian technology company, conceived at Australia’s national science agency CSIRO and the product of 20 years of research and development.
It’s expected to tell fundies its PhotoAssay technology is the first major advancement in gold assaying in centuries, and already used by blue-chip customers including Barrick, Kirkland Lake Gold, Intertek, SGS, and ALS. Revenue from sales of its PhotoAssay units was said to have jumped more than 80 per cent in the 2021 financial year.Barrenjoey arranged this week’s roadshow and is understood to be mandated for the potential float.
In booking clients for this week’s meetings, Barrenjoey’s equities desk pitched Chrysos as “a fast growing, profitable tech business” and said that its profitable business model was underpinned by contracted, infrastructure-like annuity revenue.
co-edits Street Talk, specialising in private equity, investment banking, M&A and equity capital markets. He has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies.
Source: News Formal (newsformal.com)
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