Bevan Slattery's latest venture, Superloop, has gone public after a $17.5 million IPO.
Superloop will commence trading on the Australian Securities Exchange today with more than 2,300 investors.
Superloop was created when Slattery's Megaport business spun off its dark fibre infrastructure assets, leaving Megaport focused on trading in interconnect services.
Slattery said the money raised in the IPO would be used to complete the construction of its networks in Australia and Singapore, as well as operate and maintain those networks and increase sales staff.
Superloop chief executive Daniel Abrahams said: “Superloop remains on track to achieve its planned 'network live' milestone during the third quarter of 2015 for its initial core networks in Australia and Singapore.”
Slattery is a serial tech entrepreneur whose CV includes co-founding Pipe Networks - which was sold to TPG for $373 million - and launching Australia co-location provider NextDC, which now has data centres in Sydney, Melbourne, Perth, Brisbane and Canberra.
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