This is getting out of hand... a 3rd Catalist listing in a row with no public tranche. The Managers and underwriter all lost "something" during the recent turmoil that they don't dare to do a public tranche or they know the public has become smarter? :-P

ISOTEAM ("ISO" or the "Company") was founded in 1998 and is a building maintenance and estate upgrading "specialist". The Company spend a lot of time projecting its "green image" (which is good) but at the core, it is just a maintenance and contractor involved in Repairs & Redecoration Works ("R&R") and Addition and Alteration works ("A&A").

The Company is apply to list on Catalist and is offering 32.2m shares at $0.22 each via placement. The prospectus is here. The offer will end on 10 July at 12pm. The market cap post IPO is around $25.9m

Financial Highlights

I think they should ...