APAC Digest: Simble to list on ASX; Shoof raises $4.3m; TEPCO invests in Electron

APAC Digest: Simble to list on ASX; Shoof raises $4.3m; TEPCO invests in Electron

An investor stands in front of a board displaying stock prices at the Australian Securities Exchange. Photo: Reuters

In multiple updates from the Apac region, Australian energy management firm Simble plans to list on the ASX while Movida Japan has backed a $4.3 million investment in Shoof. Meanwhile, TEPCO has made a strategic investment in Electron.

Simble to list on ASX

Energy management technology firm Simble is planning to conduct an initial public offering (IPO) on the ASX in February. The firm is planning to raise up to A$7.5 million ($5.99 million) at A$0.20 per share, valuing the company close to A$18 million.

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