Fertoz gets an IPO kick

A small phosphate explorer has turned out to be one of the year’s strongest IPO performers.

Shares in Fertoz (FTZ) surged 50% in their first day of trading on the ASX yesterday, making the phosphate explorer one of the year’s better performing floats.

The rally gives Fertoz a market value of $13.5 million, after the firm issued 20 million shares at $0.20 a share to raise $4 million.


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