Quick Bite: Halter president on the IPO question

Halter’s collars are already revolutionising the way farmers manage their herds. So what’s the next big move for this homegrown ag-tech unicorn?

In this quick bite with Halter President Andrew Fraser, we hear why New Zealand is the perfect launchpad for innovation, how farming and tech are merging in powerful ways, and why an IPO isn’t the only path to success.

This clip is from our previous episode: Halter’s $1B USD “farm operating system

🎧 Watch the full episode or catch more clips: http://linktr.ee/sharedlunch

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Episode Transcript

Speaker 1 (00:00):
You're listening to a Shares These podcast, Andrew Fraser, Alter, President,
it sounds like you're telling me it's a little too
soon to talk about things like an i PO, whether
the company's headed to the NASDAK, headed.

Speaker 2 (00:14):
Off shore to try and raise its capital from the
public ultimately, or what sort of shape Holter winds up in.

Speaker 3 (00:20):
Yeah. So, look, we're very much a KEYWI company and
our headquarters here, all of our engineers are here, and
that's gonna that's going to be our focus for the
next wee. While down the road, who knows absolutely, you know,
could consider that that Nasdaq or IPO path could also
go more the Stripe SpaceX route of staying private and profitable.

(00:45):
But right now the focus is really on that kind
of that building, continuing to make Halter as amazing as
possible for our farmers and ranches. And I think that's
what it excites everyone here on a day to day basis,
what's the next step. It's it's about growing and building.
We've got a really exciting, cool product, something I'm very

(01:07):
proud of, and I think the team here is proud
of and our farmers are proud of, and so I'm
just excited to get it, you know, on as many
farms as possible and as many farmers using it and
helping us grow and improve it going forward as well.
It's still early. There's a long way to go, and
so we've just got to keep being focused, keep doing

(01:27):
bloody good stuff every day. And yeah, pretty pumped to
what it can mean for us.

Speaker 2 (01:33):
You talked about how I mean launching here in New
Zealand was really really important obviously for this because it's
so well aligned with dairy and so on. I mean,
is there something particular about this part of the world
Here in Australia. I read that we get a much
greater kind of uptake in terms of startups from every

(01:55):
dollar of venture capital money that's put in there compared
to places like the US. Any years about why that
might be.

Speaker 3 (02:03):
Yeah, look, it's I think there is an element of
good old Kiwi ingenuity. I've got a theory as well
that you know, we are we are kind of squirreled
away at the bottom of the world here. You know,
it's four hours to get anywhere, it's longer to get
even you know, further than Australia, and so that there
is that kind of you know innovation or desire for

(02:24):
growth down here. I think there's a pretty cool ecosystem,
you know, Like I for example, I was at VIN
for VIN for a few years and then we got
acquired for about half a billion Kiwi, and you know,
you can see some VIN people in the in the market,
like you know, helping in some of these companies. Now
you've seen the same for trade me and zero and
these other kind of these exciting pieces, So we're starting

(02:46):
to see that grow. I also think that you know,
there's a there's a good seed investment kind of community
here as well, so helps get those startups up and
running and uh and and kind of creating value in
things as well. So you know, I think, yeah, I
think New Zealand's a pretty special place in terms of
a lot of those things. Going a bit off topic,

(03:09):
I do think we should be doing more in that
agritech space. You know that New Zealand is brilliant at agriculture,
is brilliant at tech. There are some really cool ag
tech startups here in New Zealand. But I'd love to
see even more as well, because I think we are
uniquely placed here to be building and driving some special
stuff in that Investing involves the risk you might lose

(03:31):
the money you start with.

Speaker 1 (03:32):
We recommend talking to a licensed financial advisor.

Speaker 2 (03:35):
We also recommend reading product disclosure documents before deciding to
invest