GoCatch completes $1 million pre-IPO raise, relying on profitability to bolster June ASX listing

An Aussie startup offering a corporate-focused alternative to ride-sharing providers such as Uber and Taxify has announced it will undergo a $5 million initial public offering to list on the Australian Stock Exchange in June.

GoCatch is a ride-sharing startup founded in 2011 by Andrew Campbell and Ned Moorfield and was initially developed as a way for customers to book and track taxis through a mobile phone app. It later pivoted towards an Uber-style service aimed at the VIP and corporate markets.