Why did Monvia (ASX:MNV) list on the Australian Securities Exchange?

Monvia (ASX:MNV) listed on the ASX to raise capital through a $17.5 million initial public offering to redeem preference shares, expand marketing, and support international growth.

What does Monvia (ASX:MNV) do?

Monvia (ASX:MNV) operates as a software provider supplying cloud-native core systems to life insurance companies, reinsurers, and superannuation funds. The company stated its platform manages data, claims, policy administration, and new business applications across multiple sales channels.

What are the revenue forecasts for Monvia (ASX:MNV)?

Monvia (ASX:MNV) reported pro forma revenue of $27.1 million for FY25 and expects FY26 revenue of $27.4 million. The company stated its historical Net Revenue Retention averaged 121% over the past five years.

How will Monvia (ASX:MNV) use the funds raised from the initial public offering?

Monvia (ASX:MNV) will use the $17.5 million raised to redeem its Series B Preference Shares, cover offer costs, expand sales and marketing, and support global expansion. This allocation leaves the company with approximately $7.5 million in pro forma working capital.

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Monvia lists on ASX following $17.5M IPO

Written by Heidi Cuthbert Published Jul 24, 2026, 2:57 AM

Monvia completed its initial public offering to list on the Australian Securities Exchange.
The listing raised $17.5 million, valuing the company at $103.5 million.
Funds will support international expansion, marketing, and preference share redemptions.

Monvia (ASX:MNV) has commenced trading on the ASX following a $17.5 million initial public offering.

The issue of 15,909,090 shares at $1.10 each gives the business an indicative market valuation of $103.5 million.

The company stated its flagship cloud platform provides core operational software to major life insurance providers.

Monvia reported pro forma revenue of $27.1 million for FY25 and expects FY26 revenue of $27.4 million.

Net proceeds will support international expansion and marketing efforts and provide $7.5 million in pro forma working capital.

Following the announcement, the Monvia share price was unchanged at $1.10.

The business accelerated its growth strategy after launching its SaaS platform in 2021 and changing ownership in 2025.