My Rewards International (ASX:MRI), along with Verdant Earth Technologies (NSDQ:VDNT), and our very own Director of Trading, Trent Primmer, have been featured in Stockhead, as two IPOs to watch in the fintech and renewable energy space.
Trent provides his analysis about the two companies ahead of their IPO.
My Rewards International (ASX:MRI)
My Rewards International (ASX:MRI) is a fast-growing global AI technology platform focusing on fintech and ecommerce by providing rewards, recognition, and loyalty programs for corporates and consumers.
"MyRewards is a really interesting one. Beyond the incredible marketing they have done for their product, this is a business that is fundamentally strong and relatively cheap on a PE (price-earnings) basis compared to peers"
Trent Primmer, Director of Trading
Trent says:
MRI is an "extremely fast-growing global provider of rewards, recognition and loyalty programs targeted at corporate customers and consumers.
There is a huge amount of growth in this sector. Since its launch more than 20 years ago, the business has grown to serve more than 4.6 million members, with over 4,500 global, national and local suppliers."
Having worked closely with My Rewards Managing Director, Maitreyee Khire and Chairman, David Vinson, the BPC team describes their passion to build the Company as "highly infectious".
Trent says:
“It’s pretty refreshing to see a board that’s so hands on with their company so it’s kind of hard not to get excited about how they’ll drive growth post-IPO.
The business is aiming to list at 20c a share on the 11th of February, and we’re really eager to see how it performs.
The pre-IPO round was very popular with investors, and we think this business at that IPO price is a no-brainer and looks excellent long term.”
Verdant Earth Technologies (NSDQ:VDNT)
Verdant Earth Technologies (NSDQ:VDNT) is an integrated green hydrogen and renewable energy asset developer, working to achieve net-zero emissions.
Verdant believes the foundation of a net-zero economy is net-zero infrastructure. The company’s first facility in the Hunter Valley will be one of Australia’s largest green baseload renewable energy providers (outside of hydro).
Being one of the first deals Trent had worked on, Verdant hits "pretty close to home".
"Watching how hard everyone has worked on growing this business from both a company level, as well as the corporate advisory team, remains in my memory as something extremely impressive."
Trent Primmer, Director of Trading
The recommissioning of the Redbank power station paves the way for an exciting growth path for the Company achieving its net-zero emissions target. Sourced from sustainable forestry and/or timber waste, Redbank will use waste wood residues to generate power once completed.
Trent says:
“Its core business utilises biomass feedstock to generate 1,000,000 MWh of green baseload power, which is the equivalent of powering 200,000 homes.”
The article states:
"The business also intends to deliver end-to-end hydrogen solutions facilitating the advent of a hydrogen powered economy."
Trent positively describes Verdant Earth:
“A highlight for our corporate advisory team, and the excitement from clients has been pretty unreal.
That’s not just from an expected return perspective, but the fact that they will have been part of something that is potentially game changing in how economies are powered, and could make history as potentially one of the first successful movers in the renewable energy space in Australia.
The company is expected to list in the coming weeks, and I think it will have a strong debut – particularly give that the NASDAQ has stabilised in earnings season.”
Synergen Met (ASX:SH2)
Synergen Met (ASX:SH2) has positioned itself as a pioneer in what will be large global growth markets, operating in both Australia and the US.
Developing and working with plasma technology for over 14 years, Synergen uses thermal plasma in industrial applications to reduce harmful emissions.
Trent says:
"We believe the applications for this are colossal, and there is an incredibly lucrative target market for the company’s core business.
There’s renewed enthusiasm to reduce harmful emissions and the large amounts of capital being thrown at renewable and environmentally friendly businesses.
So we expect this company to be well supported at IPO and to flourish long term.
If you’re looking for an opportunity to ride the renewable energy wave, we think it’s hard to look past Synergen – they have an all-star team and a very exciting future."
Read the full Stockhead article here.
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