The energy management software producer has listed on the Australian Securities Exchange, providing an exit to Siemens and corporate-backed Aster Capital.

BuildingIQ, a US-based energy management software developer  backed by industrial conglomerate Siemens and corporate-backed VC firm Aster Capital, has completed a A$20m ($14.3m) initial public offering on the Australian Securities Exchange.

BuildingIQ’s software is able to control heating and cooling in large commercial buildings in real-time, taking into account factors such as weather, energy prices and building characteristics.

The company previously raised $2.7m in series B funding in March 2015 and received $4.4m in debt financing in October 2014, according…