Aura Lists on ASX After $3B Qoria Merger
Synopsis
US digital safety platform Aura has officially debuted on the ASX following its $3 billion acquisition of Qoria, marking one of Australia's largest sharemarket listings of the year.
The Aura Qoria ASX deal moved to the next step with the company trading on the Australian Securities Exchange under the AXQ symbol, marking the completion of Aura's acquisition of Perth-based online safety company Qoria.
The deal combines Aura's consumer identity and digital protection with Qoria's online safety education business, to create a company valued at approximately US$2.1 billion, or A$3 billion.
The listing is in line with a court approved scheme of arrangement in which the Qoria shareholders had swapped their ordinary shares for Aura common stock issued in the form of CHESS Depositary Interests (CDIs) quoted on the ASX.
Ahead of the merger, Aura boosted its associated equity raise to a US$100 million offering up from the initial US$75 million, with investors such as Accel and WndrCo supporting the round.
Combined Business Expands Across Key Markets
The Aura Qoria ASX merger is a merger of two businesses that operate in Australia, New Zealand, the United States and the United Kingdom, and serve consumers, schools and workplaces.
The combined group generated about US$452 million (A$690 million) in annual recurring revenue (ARR) on a pro forma basis and will aim for annual organic revenue growth over 20%, according to the companies' most recent investor presentation.
The merger was valued at around A$0.72 per share for the shareholders of Qoria, based on the agreed exchange ratio that was revealed during the announcement of the deal. The companies further state that their combined business provides safety solutions to over 10 million families worldwide via their consumer and education safety solutions.
Digital Safety Sector Continues to Attract Investment
The deal follows the trend of global security spending, which has increased over the years in the digital space. The global end-user spending on information security is projected to grow to US$213 billion in 2026 from an estimated US$193 billion in 2025, as the demand for information security continues to grow among businesses, governments and education providers, according to the global research firm, Gartner, in its latest forecast Information Security and Risk Management, Worldwide, 2025-2026.
Qoria's footprint has been established by providing online safety, wellbeing for students and classroom management software for schools, while Aura has been committed to identity theft protection, device security and digital wellbeing services for consumers.
The merger of the two companies was classified as an Aura Qoria ASX merger, meaning that the two businesses will be consolidated into a single listed entity, namely AXQ, on the ASX.
Source: Capital Brief
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Pooja Malik is a business journalist with over six years of experience covering startups, entrepreneurship, and emerging trends. She has previously worked with leading media platforms such as YourStory Media and BW BusinessWorld, where she reported on business, policy, and market developments. Currently, she serves as Editor at The Inspirepreneur Magazine, where she writes and edits stories across business, lifestyle, and travel, with a focus on clarity, accuracy, and reader relevance.
