Overseas expansion opportunities could underpin PEXA’s sale price

Does PEXA have plans to go global? Marcus Price, CEO of PEXA says that his organisation is in active conversations with a number of countries.  PEXA’s sale or IPO was expected to benefit from an effective monopoly position. Then, in February 2018 to the surprise of many, InfoTrack confirmed that it intended partnering with ASX to provide an electronic property settlement platform. Subject to regulatory approval from ARNECC, the platform is expected to be operational this year. Formidable competition to PEXA now hangs over its sale. Overseas expansion may alleviate such a setback.  The PEXA platform began to be built in 2011. Since day-one it […]