Sexpo plans IPO and global domination
Adult entertainment expo brand Sexpo is undertaking market research and exploring options to meet regulatory compliance before an initial public offering expected in November 2010.
Sexpo has grown into a strong expo brand in Australian over the last 14 years. It is in the top 5 national shows alongside The Royal Show, Home Shows, Motor Show, & Boat Show. It is expected that an official announcement will be made tomorrow at the Brisbane Sexpo detailing plans for development into new territories such as New Zealand, Europe, and the USA.
“We are proud of our heritage but the demand and need for our show to expand around the world is very strong” says Rob Godwin General Manager of Sexpo. The investment strategy is envisaged to be completed over 3 stages; gauging interest from Sexpo patrons, investment and strategic partnerships with key industry partners, and seeking external market funding for a possible float.
The aim is to prepare the necessary disclosure documentation attached to the capital raising over the next 6 months and to have a prospectus for an offer for securities closing at the end of November 2010.
“Our parent company is Australia’s oldest and most successful adult related business with 33 years experience. Recession or boom – sex sells, and I think the combination of this successful track record, with the increased number of visitors to Sexpo, will encourage interest from potential small and large investors.”
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