Sydney-headquartered transaction management platform thedocyard has announced its IPO on the Australian Stock Exchange and plans to raise AUS$4m to $5m through the float.

Promoting the IPO, Sydney corporate advisory firm Barclay Pearce, which is managing the IPO, said: “Do you work on deals? If you do your world has changed. Regulatory reach, data security, risk, audit-ability, digitisation of service delivery and optimisation of deal processes via best practice project management and workflow are real and unavoidable issues you need to solve. Email, spreadsheets, white-boards, post-it notes are now redundant and cannot solve your new challenges.”

thedocyard is a cloud-based deal space and file share management platform built for managing the entire transaction lifecycle.

The platform incorporates a deal management tool to allow users to streamline transaction procedures and segment workflow into customisable step by step solutions. Users are able to oversee version control of documents, user access and content visibility.

The offer is expected to close on 31 January with a view to listing in February.

You can read the prospectus here: https://www.investorserve.com.au/Content/pdf/thedocyard%20-%20PDS.pdf