Thomson Geer has advised Hiremii Limited (Hiremii) on its debut onto the ASX following an oversubscribed initial public offering (IPO).
Founded in 2016, Hiremii is an Australian technology-driven full service labour hire and recruitment company. Hiremii has developed a cloud based platform which utilises machine learning and artificial intelligence to remove the tedious manual tasks associated with the recruitment, on boarding, pre-vetting and shortlisting process.
Hiremii commenced trading on the ASX under the ticker code ‘HMI’ on 11 May following successfully raising $6 million in its IPO. Hiremii’s market capitalisation at IPO is approximately $14 million.
This is a significant milestone for Hiremii and the funds raised under the IPO will provide the Company with working capital to grow its business by further developing and expanding its capabilities.
Thomson Geer Corporate partner Marc Wilshaw said, “We congratulate Hiremii on its successful IPO and debut onto the ASX. We wish them every success with their future growth initiatives”.
The Thomson Geer team was led by partner Marc Wilshaw, supported by senior associate Jonathan Foo and law graduate Sarah Urquhart.