Listing on the ASX is the process of taking a privately-owned company and making the transition to a publicly owned company whose shares can be traded. Listing is a big deal for a company, and as of Wednesday, December 9th at 11am, we’ve done it.
Why we listed
It’s simple. We’re all about transforming education through quality learning support. We’ve been doing this successfully since 2018 (check out some of the reviews from Cluey parents here) but since COVID, online tutoring has become even more important, and because of that, we’ve grown significantly.
This growth has added even more demand & urgency to improve our product, operations and marketing and thus we made the decision to go public through an IPO. The funds raised through this process will be spent helping more students achieve their learning goals with initiatives like secondary school group tutoring launching soon.
Mark Rohald, Cluey CEO is thrilled to share the news. “Our listing is a significant milestone for our company. We’re excited about delivering our next phase of growth and we welcome our new investors on this journey,” he said.
“Since launching in July 2018, we’ve delivered over 192,000 learning sessions. We continue to see strong growth in the demand for our services and are accelerating the recruitment of additional customer acquisition personnel ahead of the start of the new academic year in Q3 FY2021, our peak enrolment period,” Mark added.
This is an incredible moment for us, and one we’re so proud to share with all the Cluey kids, parents and employees who have made it possible. Now, onto empowering more and more kids to achieve their learning goals through our quality tutoring platform and expert tutors.
Cluey shares are trading on the ASX with the code CLU.
Find out more about investing in Cluey here.