Software microcap Felix taps Bell Potter for raising

Bell Potter’s chasing buyers for shares in ASX-listed construction software business Felix Group on Monday, offering stock at a 9.1 per cent discount to the last close.

Bell Potter was in the market seeking buyers for 18.5 million new Felix Group shares, although nearly half the deal was promised to a strategic investor at a higher price.The placement was split into a strategic placement to InEight, a global construction project management software provider, worth $2.75 million at 36¢, and a $3.25 million institutional placement at 30¢.

Funds raised would be used for sales and marketing and to develop the group’s strategic partnership with InEight, according to terms sent to potential investors.

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