From Private to Public
Advising a start-up company as it grows and enters into the capital market
The company in the software-based new economy software industry continued facing the need for fundraising and liquidity needs from its existing shareholders across many years from its startup phase until entering the capital markets. The company also persistently pursues long-term growth intending to become a world-class company. QIC assisted the company in in-depth research of the industry and market, effectively communicating the capital market story to investors with simple and precise arguments while simplifying the innovative business model and strategy into concrete data and future guidance. QIC introduces high-quality investors, leading to continuous improvement in corporate valuation, and a successful IPO in Taiwan.
Client Challenge
Continued facing needs for fundraising and shareholders’ need for exits
The software industry is not a sector that local investors are familiar with. In addition, the company is in a new and niche segment. Therefore, investors are unclear about the business models and how to value the companies. However, the company continued facing needs for fundraising and shareholders’ needs as it grew its business.
QIC Advantage
Continuously assisting with fundraising, improving the shareholder structure, and connecting to the capital markets.
QIC delved into understanding the company and its industry, proposing simple and precise long-term strategies and the equity story, and simplifying the innovative business model and strategy into concrete data and future guidance. Therefore, QIC effectively showcased the company's strengths and value. Even when it was still loss-making and under a tight schedule, QIC assisted in communicating with appropriate investors, attracting high-quality investors, and facilitating the exits of existing investors, increasing valuations in each round. This even involved executing a management buyout. In addition, QIC continued to help communicate with domestic and global investors and provided financial and strategic advisory services to connect to the capital markets.
Results
Valuation continued to rise after successful fundraising and got listed in Taiwan
QIC assisted the company in securing new funds under tight schedules to accelerate growth. The valuation increased with each round of transactions. It successfully attracted quality, supportive investors, including a leading private equity fund, corporate venture capital (CVC), and strategic investors, leading to a successful listing on the TWSE.
