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Aroa Biosurgery Limited (ASX: ARX) - Float & IPO Details

Current share price for ARX : $0.510 0.01 (2%)

Aroa Biosurgery Limited (ARX) is a soft-tissue regeneration company that develops, manufactures and distributes medical and surgical products to improve healing in complex wounds and soft tissue reconstruction.

Aroa Biosurgery Limited (ARX) floated on the Australian Securities Exchange (ASX) on Friday, 24 July 2020. The company opened its first day of trading with a share price of $1.40 which was up 86.67% from its offer price of $0.75 per share. The first day of trading for Aroa Biosurgery Limited on the ASX saw its share price move between a low of $1.28 and a high of $1.56, before closing at $1.35 per share which was 80% above its original offer price of $0.75 per share.
ARX's current share price of $0.51 is a -$0.24 or 32% discount to its original offer price of $0.75.

ARX Float / IPO Details

Offer Open Date1 Jul 2020
Offer Close Date3 Jul 2020
Listing Date24 Jul 2020
Issue Price$0.75
Amount Raised$45,000,000
Shares Issued (new)60,000,000
UnderwriterBell Potter Securities Limited
Consultants
AuditorBDO Auckland

ARX Float / IPO Performance (relative to an issue price of $0.75)

Current Price$0.51-32%
First Day Open$1.4086.67%
First Day High$1.56108%
First Day Low$1.2870.67%
First Day Close$1.3580%
All-time High$1.75132.67%
All-time Low-100%
12-month High$1.0945.33%
12-month Low-100%

Other floats & IPOs around the same time as Aroa Biosurgery Limited (ARX)

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