News > SOCO Commences Trading on the ASX
SOCO commences trading

on the ASX

SOCO Corporation Ltd is pleased to announce that it has been admitted to the official list of the Australian Securities Exchange (ASX) at 11am AEDT following the successful Initial Public Offering (IPO). SOCO will trade under the ticker code SOC.

The offer was well oversubscribed, raising a total of $5M at $0.20 per share for an indicative market capitalisation of $25.3M. The IPO attracted strong support from institutional and retail investors. This included significant take-up from SOCO’s employees, further solidifying alignment towards SOCO’s continuing success.

There was no sell-down as part of the IPO, with SOCO’s founding team retaining a 79.2% shareholding and electing to voluntarily escrow 100% of their holding for 12-months from listing. 

The IPO represents SOCO’s first ever external capital raising since its founding nine years ago. The only tradable shares will be those issued at IPO. 

Simon Forth, CEO SOCO

“We are thrilled to advise that 74% of employees are now SOCO shareholders. This is a great alignment with the business and our people. We received strong interest in the IPO that was well oversubscribed.”
– Simon Forth, SOCO CEO


  • SOCO is pleased to advise that trading during 1H FY23 to date has been strong and reaffirms its Prospectus pro forma FY23 forecasts of:
  • revenue of $18.5M, representing organic growth of 37% over pcp
  • pro forma EBITDA of $3.3M (after public company costs and share based remuneration), representing growth of 62% over pcp
  • pro forma EBIT of $3.0M (After public company costs and share based remuneration), representing organic growth of 67% over pcp

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Grace Tiong
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e: p: +61 4 06 682 960

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