Dicker Data reveals ASX listing date

Dicker Data (ASX:DDR) will list on the Australian Securities Exchange on December 13, eight months after the distributor announced its intention to go public. 

The company’s prospectus was made available this week and would close by December 1 in time for a December 13 listing.

A nervous company founder David Dicker said it would take the ASX about seven to 10 days to get it listed on the board.  

Unable to share the exact number of shareholders so far, Dicker said he would cap the number of shareholders to 500 on a "first in, first served" basis but admitted that he hadn't hit that number yet.

“I can’t really say anything about anything,” he told CRN. “It’s not going as quick as I’d like it to go but that’s probably me just being jittery.  

“I spent an awful lot of time on this project, the last year or so, you get a little bit nervous," he said. 

CRN first reported Dicker’s intentions to float in March. At the time Dicker said the company planned a  July 1 launch but by June 17 Dicker told CRN that it was more likely to list in August.

The distributor has limited its capital raising to $1,000,000 with the majority of the company still owned by the founders David Dicker and business partner Fiona Dicker.

Potential shareholders could purchase $2,000 worth of Dicker Data shares per name or entity, according to investor information on Dicker Data's website.  

Meanwhile, upon a successful listing, Dicker Data would be one of the few Australian owned and operated volume IT distributors left following Avnet's acquisition of itX. 

“Obviously we’re probably the only large scale Australian-owned distributor, that’s for sure. The large majority of people buying the shares will be Australian based.

“If you look at the sales volume, the profits and the vendor list we’re basically out there on our own. All the other guys have been swallowed up or will be swallowed up,” Dicker told CRN.

Dicker said HP remained its  primary vendor along with Toshiba and touted the distributor's server side business as “pretty viable”.

“Our server side is pretty good but there’s a perception that all we’re doing is selling PCs. In terms of HP server volume we’re pretty much going toe-to-toe with Ingram and we’ve been doing that for years.

“We’re pretty effective on the server side. We’ve got a configuration centre we’ve got a whole pre-sales server team and a fair bit of expertise in that area," he said.