SCX.ai Holdings Ltd (ASX: SCX)
Mg Guys. Any chance of the low down on SCX.ai IPO pl's . What this Co. Do we sit on the fence on this one . Wait & see after the listing Cheers cobber
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Answer
Hi Paul,
SCX.ai is an Australian sovereign AI infrastructure company preparing to list on the ASX. Rather than developing AI software, it provides AI inference infrastructure that enables enterprises and government agencies to run AI models locally while meeting data sovereignty, privacy and security requirements, using ASIC-based technology from SambaNova.
The company is seeking to raise $40 million at $0.30 per share. Pre-listing, SCX reported $5.4 million of contracted ARR, A$14.6 million of contracted but unbilled revenue, and 298 active users, highlighting that it remains at an early stage of commercialisation.
We feel SCX offers exposure to the emerging sovereign AI infrastructure theme, but investors are backing future growth rather than an established earnings base. Execution, customer growth and contract conversion will be key, while a relatively small free float could result in elevated share price volatility following listing.
Our thoughts are the same as with Sharon, we believe it’s an interesting story but an aggressive play at these early days.
