Intelligent Investor

Avoca Resources Limited (ASX: AVO) - Float & IPO Details

DELISTED - Current share price for AVO : $3.300

Avoca Resources Limited (AVO) floated on the Australian Securities Exchange (ASX) on Monday, 15 April 2002. The company opened its first day of trading with a share price of $0.22 which was up 10% from its offer price of $0.20 per share. The first day of trading for Avoca Resources Limited on the ASX saw its share price move between a low of $0.18 and a high of $0.22, before closing at $0.20 per share which was 2.50% below its original offer price of $0.20 per share.
AVO's current share price of $3.30 is a $3.10 or 1,550% premium to its original offer price of $0.20.

AVO Float / IPO Details

Offer Open Date1 Mar 2002
Offer Close Date2 Apr 2002
Listing Date15 Apr 2002
Issue Price$0.20
Amount Raised$6,000,000
Shares Issued (new)30,000,000
UnderwriterD J Carmichael & Co
Consultants
AuditorButler Settineri

AVO Float / IPO Performance (relative to an issue price of $0.20)

Current Price$3.301,550%
First Day Open$0.2210%
First Day High$0.2210%
First Day Low$0.18-10%
First Day Close$0.20-2.50%
All-time High$3.791,795%
All-time Low$0.09-55%
12-month Highn/an/a
12-month Lown/an/a

Other floats & IPOs around the same time as Avoca Resources Limited (AVO)

Security Code Company Offer Open Offer Close Listing Issue Price Current Price Gain
G79 Valdera Resources Limited 18 Apr 2002 25 Apr 2002 10 May 2002 $0.20
CTE Cryosite Limited 27 Mar 2002 24 Apr 2002 9 May 2002 $0.40 $0.82 105%
IGS County Diamonds Limited 21 Mar 2002 24 Apr 2002 8 May 2002 $0.20 $0.00 -98.50%
IRN Indophil Resources NL 22 Mar 2002 17 Apr 2002 3 May 2002 $0.25 $0.30 18%
SDV Intec Ltd 27 Dec 2001 19 Apr 2002 2 May 2002 $0.20 $0.34 67.50%
ABX2 Abelle Limited 27 Mar 2002 25 Apr 2002 30 Apr 2002 $0.25
FXR Fox Resources Limited 22 Feb 2002 12 Apr 2002 26 Apr 2002 $0.20 $0.00 -99%
SFE SFE Corporation Limited 16 Apr 2002 $3.70
NHL1 Nova Health Limited 11 Mar 2002 28 Mar 2002 15 Apr 2002 $1.00
FHM Iatia Ltd 22 Feb 2002 20 Mar 2002 9 Apr 2002 $0.25
SYD Macquarie Airports (Stapled Securities) 11 Mar 2002 22 Mar 2002 2 Apr 2002 $1.00 $8.72 772%
HAV Havilah Resources NL 12 Feb 2002 12 Mar 2002 18 Mar 2002 $0.20 $0.22 10%

DISCLOSURE: InvestSMART Group Limited employees may have an interest in the securities and managed funds displayed via this service. Please refer to our Financial Services Guide for more information.

Data shown on this website is sourced by Morningstar
© 2017 Morningstar. All rights reserved. Neither any Morningstar company nor any of their content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. Any general advice has been prepared by Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892) and/or Morningstar Research Limited, subsidiaries of Morningstar, Inc, without reference to your objectives, financial situation or needs. You should consider the advice in light of these matters and, if applicable, the relevant Product Disclosure Statement (in respect of Australian products) or Investment Statement (in respect of New Zealand products) before making any decision to invest. No Morningstar-affiliated company or any of their employees is providing you with personalised financial advice. To obtain advice tailored to your particular circumstances, please contact a professional financial adviser. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only.