HVAC construction energy management software company BuildingIQ announced it has made its initial public stock offering on the Australian Securities Exchange.
The stock was valued at approximately 20 billion Australian dollars ($14.4 million) at launch for the HVAC market software firm.
“With global energy demand, rising electricity prices, and the growing requirement for efficiency andsustainability, building owners and managers are increasing their focus on controllable operating costs, such as energy,” said BuildingIQ President and CEO Michael Nark. “As this landscape continues to advance, intelligent and dynamic platforms like ours are becoming an integral part of the facility management tool kit. We are excited to begin this next phase of growth by using the investment support we’ve gained to expand our reach and build upon our product offerings for both customers and partners.”