Initial public offering candidate Xpansiv will front Australian and offshore fund managers next week, ahead of a planned run at the ASX-boards.

The commodity exchange’s brokers were booking fundies to meet with Xpansiv CEO Joe Madden and CFO Suzy Taherian on Wednesday morning, with in person lunches and group calls planned for next week.

The meetings were said to be non-deal in nature, although it’s well known Xpansiv is preparing for a sharemarket float.

The invite, seen by Street Talk, pitched Xpansiv as operator of the largest voluntary carbon offset market globally.

It said Xpansiv recorded $305 million revenue in the 2021 financial year, which was 292 per cent higher than the prior year.

“Xpansiv has a diverse customer base including Corporates (Walmart, Tesla); Energy companies (Chevron, Shell), Commodity trading houses (Trafigura, Cargill) and Financial institutions (Macquarie, Goldman Sachs),” the note to fund managers said. “Existing investors include BP Ventures, CBA, CEFC, S&P Global and Macquarie.”

Shaw and Partners together with other brokers is arranging the meetings.

Article source: AFR, 24 February 2022