Archtis IPO after $10m

CYBERSECURITY company Archtis plans to raise about $10 million in an initial public offering to help it fund the commercialisation of its information sharing platform.

The Canberra-based company, which develops secure platforms where clients can share top-secret information, plans to list on the ASX today, and is offering shares at 20 cents, giving it a market value of about $24 million.

Archtis co-founder and chief executive Daniel Lai said the ASX listing will allow the company to market its Kojensi project.