Intelligent Investor

Pentanet Limited (ASX: 5GG) - Float & IPO Details

- Current share price for 5GG : $0.052

Pentanet Limited (5GG) is a Perth-based telecommunications cloud gaming provider delivering next-generation internet services and online experiences to a growing number of subscribers. Pentanet is a growth-focused telco delivering high-speed internet to a growing number of subscribers by providing next-generation internet speeds. This is achieved through Pentanet's market-leading private wireless network, the largest in Perth, as well as reselling fixed-line services such as nbn and Opticomm.

Pentanet Limited (5GG) floated on the Australian Securities Exchange (ASX) on Friday, 29 January 2021. The company opened its first day of trading with a share price of $0.74 which was up 196% from its offer price of $0.25 per share. The first day of trading for Pentanet Limited on the ASX saw its share price move between a low of $0.55 and a high of $0.75, before closing at $0.59 per share which was 136% above its original offer price of $0.25 per share.
5GG's current share price of $0.05 is a -$0.20 or 79.20% discount to its original offer price of $0.25.

5GG Float / IPO Details

Offer Open Date18 Dec 2020
Offer Close Date22 Dec 2020
Listing Date29 Jan 2021
Issue Price$0.25
Amount Raised$22,460,000
Shares Issued (new)89,840,000
UnderwriterEuroz Hartleys
Consultants
AuditorBDO Audit

5GG Float / IPO Performance (relative to an issue price of $0.25)

Current Price$0.05-79.20%
First Day Open$0.74196%
First Day High$0.75200%
First Day Low$0.55120%
First Day Close$0.59136%
All-time High$1.14356%
All-time Low-100%
12-month High$0.13-50%
12-month Low-100%

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OZM OzAurum Resources Limited 18 Dec 2020 15 Jan 2021 8 Feb 2021 $0.25 $0.07 -71.20%
M24 Mamba Exploration Limited 22 Dec 2020 15 Jan 2021 5 Feb 2021 $0.20 $0.02 -89.50%
AGC Australian Gold and Copper Ltd 26 Nov 2020 18 Dec 2020 20 Jan 2021 $0.20 $0.08 -60.50%
CHM Chimeric Therapeutics Limited 3 Dec 2020 14 Dec 2020 18 Jan 2021 $0.20 $0.03 -85.50%
FLX Felix Group Holdings Ltd 11 Dec 2020 18 Dec 2020 12 Jan 2021 $0.36 $0.19 -48.61%
TRN Torrens Mining Limited 23 Nov 2020 4 Dec 2020 7 Jan 2021 $0.20 $0.13 -35%
TRU Truscreen Group Limited 26 Nov 2020 18 Dec 2020 6 Jan 2021 $0.07 $0.02 -77.14%
BPM BPM Minerals Limited 23 Nov 2020 11 Dec 2020 30 Dec 2020 $0.20 $0.07 -65%

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