How to play crossy Road salesperson3/2/2024 It also funded overseas expansion, research and development, and potential acquisitions, according to LVX’s chief executive officer Geoff Weir. LVX Global was last spotted raising in February, picking up $4 million in a pre-IPO round to accelerate new products and services, including its fire and life safety product Fire M. It notched EBIT of $856,000 in fiscal 2019. The company posted $13.3 million in revenue in the 2022 financial year, up from $7 million one year earlier, and forecast $15 million revenue in FY23, according to a June investor presentation seen by Street Talk. It has worked with Sunshine Coast Council on lighting, communications and electrical services for its Mooloolaba seafront with art auctioneer Deutscher and Hackett on lighting solutions, and with Brisbane Airport and ATN’s ENE.HUB (then owned by Brookfield) as a consultant. LVX Global has two main businesses engineering consulting, which feeds in as a sales channel to the second unit, engineering solutions. Proceeds will be used for working capital, listing costs and to deliver on demand for its FireM Fire Safety and Smart City products in USA, Europe and Australia. Sources said the business is performing well, and is being restructured for international expansion. LVX Global has done work for NSW’s Royal Botanic Gardens. It’s priced at a 20 per cent discount to the IPO price of around $40 million. The raising is structured as a convertible note which values the business at $30 million. The ASX aspirant, which offers strategy, engineering and project management services to the smart city and infrastructure sectors, is eyeing a September 2023 backdoor listing, putting it up against Andrew Forrest-backed CurveBeam AI. Smart cities and infrastructure engineering business LVX Global is gearing up to take a run at the bourse, seeking to raise up to $5 million in a pre-IPO capital raising.
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