RE: The facts5 Apr 2022 14:58
02 September 2019 RNS
Following a review of key milestones to support a successful market listing, it is sensible to have available 6 full months of customer activity metrics and market segmentation learnings. Allowing for the corporate, legal and financial work that would then follow, to produce a public offer document, and carrying out the Company’s Initial Public Offering (“IPO”) investor roadshow with a view to raising in excess of £5m, the revised target to see TALLY’s shares trading on the London Stock Exchange is by 11 May 2020.
· Due to the revised timeline to IPO, the Company is considering a crowdfunding campaign in late 2019, to increase brand and product awareness, raise funds and add new customers.
22nd November 2019 RNS
And whilst there are regular twists and turns to adapt to as we grow as a business, Tally’s corporate objective of achieving a successful IPO by 11 May 2020 remains on track.
2nd January 2020 RNS
We are focused on delivering App 2.0 as soon as practicable as this is a key milestone for the business growth strategy and corporate objectives, including the crowdfunding and IPO planned for 2020. Following release of App 2.0 we’ll be able to release updated timelines for the year.
30th March 2020 RNS
• TALLY realistically needs at least six months of customer acquisition and activity metrics with App 2.0 to build the investment proposition for its IPO.
• In the interim, TALLY plans to conduct a pre-IPO funding round to be completed by mid-year to allocate primarily to a marketing and communications program to grow customer numbers and increase customer activity.
• Following completion of the interim funding and suitable business growth, in Q4 TALLY will be able to review product usage metrics and assess the stock market and investment climate at the time, and determine when best to commence work to raise funds as part of an Initial Public Offering (IPO).
• If Q4 is not deemed appropriate for TALLY to proceed with its IPO plans then the Company shall endeavour to provide current shareholders with some form of a secondary private market for buying or selling TALLY shares, to satisfy the appetite for existing shareholders wishing to divest or increase their shareholding.
31st Dec 2020
For Tally, 2021 is full of expectation, from product development and crowdfunding, to increasing customers and business growth, to making tally® available in other jurisdiction(s) and completing an IPO as part of our mission for the democratisation of money
31st March 2021
Tally in a strong position to achieve several milestones next quarter, including the crowdfunding campaign to go live next month, release of our upgraded pricing model for B2C customers, board expansion, updated branding, and developing our internal ledger architecture and B2B technology platform.
The Board and I are committed to progressing the Company to a successful IPO and we expect to provide in the end of Q2 upda