US-based home relocation services group Updater has continued to post strong growth since overcoming a substantial protest vote in September and win approval to de-list from the ASX.

In a report to investors last week, Updater said that based on its third and fourth quarter performance to date it is in a "strong position to achieve its 2018 calendar year total revenue forecast of $US19 million to $US23 million."

It also said that its market share has also "grown materially" in recent months and is approaching 25 per cent of US household moves.

The David Greenberg-founded Updater, which acts as a one-stop shop for services that help Americans move home, said it has hired an advisory firm to help with plans to raise at least $US100 million to fund its expansion plans.

"The company is not actively buying-back shares from other security holders at this time. However, the company plans to provide one or more additional liquidity events upon the conclusion of a successful large-scale capital raising," the company said.

It might not be that easy to get investors to part with their shares. Updater planned a $10 million share buyback for investors who did not want to hold shares in the private company, but less than $2.6 million worth of shares was sold into the buyback.

Just before it de-listed from the ASX, the family of billionaire Frank Lowy acquired a 9.33 per cent stake in Updater which also includes former Domain Holdings chief executive Anthony Catalano, and billionaire Alex Waislitz among its investors.