DataWalk is a technology entity that is one of the few in the world to have built on its own technology a unique analytics product that explores linkages between datasets and solves global security problems. DataWalk successfully competes with two major players in linkage analytics, US corporation IBM and Palantir, winning, among other things, a share of the largest IT contract in its history, a $500 million US Department of Justice analytics modernisation project.
TAILORS Group’s role was to develop and implement a communication policy related to the IPO and the transfer of the listing from NewConnect to the WSE main market.
Main challenges of the project:
Cautious approach of investors to IPOs and lack of demand for small companies. Uncertain situation on the capital market in Poland related to outflows of funds from domestic funds.
Lack of companies on the WSE giving exposure to the Enterprise IT finished software segment, with which DataWalk could be compared, which was a major barrier for some investors
The company’s focus on maximising growth and development rather than short-term financial targets. For this reason, the company’s revenue and profitability could only be assumed in the long term, which is a big barrier to investment for many investors.
Effects of TAILORS Group’s activities:
The IPO was widely reported in the media, the business model was properly presented and investors’ concerns were addressed. As part of the IPO, the company raised more than PLN 10 million to further commercialise the DataWalk platform and develop its US operations.
The offering was the first of two IPOs across the Polish market in 2019.
The funds raised in the IPO translated into business development which was reflected in the company’s rising stock price and new contracts.