Shaw and Partners is pleased to be appointed Joint Lead Manager to the proposed IPO of Pivotal Systems Corporation along with Moelis Australia.  The company intends to list on the ASX under the stock code ASX:PVS

Pivotal Systems is seeking to raise approximately $53.5 million, offering 28.8 million CHESS Depositary Interests (CDIs) with an issue price of $1.86 per CDI.

The fully underwritten offer will comprise of an institutional offer and a broker firm offer.

Pivotal Systems provides the best-in-class gas flow monitoring and control technology platform for the global semiconductor industry.  Pivotal Systems has currently 29 customers including some of the world’s largest Integrated Device Manufacturers (IDMs) and Original Equipment Manufacturers (OEMs) such as Samsung, TSMC, Texas Instruments, Applied Materials and Tokyo Electron.

For more information please contact your Shaw and Partners Adviser.

About Pivotal Systems

Pivotal Systems is a leading developer of innovative gas flow control solutions to the semiconductor industry, providing semiconductor manufacturers with significant yield, cost and output benefits and enabling the manufacture of more advanced semiconductors. Pivotal has a global operating model, whereby the company is headquartered in Freemont, California and has third party contracting facilities in Shenzen, China and Dongtan, South Korea. The company also has a number of sales and technical support representatives throughout the US, Europe, Japan and Asia. The Company has a number of core GFC products which address both etching and deposition stages of semiconductor manufacturing, enabling manufacturers to accurately deposit or etch away materials on a silicon wafer as part of the product process. All products are underpinned and driven the Company’s proprietary software platform, which delivers analytical and operational benefits to both IDMs and OEMS. Pivotal’s products are used by semiconductor manufacturers in processes which require very precise and repeatable gas flows. https://www.pivotalsys.com 

Disclaimer

The offer contained in the Prospectus is an invitation to acquire CHESS Depositary Interests (CDIs) over shares of common stock (Shares) in Pivotal Systems Corporation, a Delaware corporation ARBN 626 346 325 (Company or Pivotal). The Prospectus is issued by the Company and Pivotal SaleCo, Inc, a Delaware corporation (SaleCo) for the purposes of Chapter 6D of the Corporations Act. This Prospectus is dated 12 June 2018 and a copy of this Prospectus was lodged with ASIC on that date. The Company will apply to ASX for admission of the Company to the official list of ASX and for quotation of the CDIs on ASX within seven days after the date of this Prospectus.  The Prospectus is important and should be read in its entirety prior to deciding whether to invest in the Company’s CDIs.  The Prospectus will be available in electronic form on the following website: www.pivotalsys.com/investors.