On 20 July 2018, Calix successfully completed its initial public offering (IPO) and its shares commenced trading on the Australian Stock Exchange. The IPO provided funding for our growth strategy – including operational improvements as well as new market and product pipeline development.
Funds raised through the IPO will be used to improve the efficiency of our existing production facilities to drive margin expansion and expand sales and marketing capabilities, to increase revenues and enter new markets – and to continue progressing the company’s development pipeline for additional applications of its technology platform – including creating better materials to build batteries
As a cash-flow positive business with multiple products and applications being developed across multiple industries, we look forward to using the IPO proceeds to continue and accelerate the commercialisation of Calix’s products and technology platform.
