Pivotal Systems IPO

Pivotal Systems, Inc.

25.4% of portfolio as of 3/31/19

IPO - July 2, 2018

Pivotal supplies flow control solutions to the semiconductor industry. The Fund's initial investment in Pivotal was made in 2012, and we have invested approximately $19.4 million in the company to date. Pivotal currently trades on the Australia Securities Exchange (ASX) under the symbol "PVS."

As is customary in initial public offerings in Australia (and in the U.S.), we have entered into agreements (commonly called lock-up agreements) that restrict us from selling our Pivotal shares for a period of time.

IPO History

  • Year founded: 2009
  • SVVC initial investment: 2012
  • IPO date: 7/2/18
  • Symbol: ASX:PVS