GeoOp to list on NZAX by October 31

GeoOp Limited has announced its intention to list on the NZ Alternative Market (NZAX) market on Thursday the 31st of October 2013, subject to final NZX approvals.

The shares will be listed at $1.00 per share, with the NZ-based mobile workforce management company pleased with the high interest in its private share offering, which was oversubscribed by more than three times, raised $10 million of new equity and now has 280 shareholders.

GeoOp believes the listing on the NZAX will now enable it to charge further ahead with its global expansion strategies, particularly in Australia and the US, with the firm part of a market and technology shift for trades and services businesses– from sole traders up to SMEs with 200 field staff.

As a catalyst for change for these businesses, GeoOp is primed to meet the global opportunity as these businesses rapidly take up smart and mobile devices to replace pen and paper, whilst the costs of mobile data reduce.

GeoOp is already a global product with users in 13 countries and 85% of its paying users located offshore.