Computershare is a great Melbourne based story, being one of its first start-up technology companies. It was founded in 1978, to provide computer services to businesses that needed to automate processes.
Computershare listed some 16 years later on the ASX with a market cap of around $36 million. By then, it was managing around 6 million shareholder accounts and had about 50 staff.
It’s come a long way since listing in 1994 – today it’s a global business with a market cap of around $9.5 billion (a mere 264x the size at listing), with over 75 million customer records and 12,000 staff.
Whenever I buy shares for the Fully Franked Fund, it’s Computershare that sends out the letter asking for my details and preferences as a shareholder, so they can maintain all the records and do all the admin on behalf of the company I’ve invested in.…