Regeneus IPO nets $10.5m

The biotech company is to float on September 17 after its initial public offering raised $10.5 million at 25 cents a share

Stem cell firm Regeneus (RGS) will float its shares on the Australian Securities Exchange early next week after its initial public offering closed fully subscribed today.

The offer raised $10.5 million at 25 cents a share, slightly higher than its target for $10 million but below the maximum of $12 million Regeneus had allowed for depending on demand.

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