Intelligent Investor

Apex Minerals NL (ASX: AXM) - Float & IPO Details

DELISTED - Current share price for AXM : $0.011

Apex Minerals NL (AXM) floated on the Australian Securities Exchange (ASX) on Friday, 7 June 2002. The company opened its first day of trading with a share price of $0.24 which was up 20% from its offer price of $0.20 per share. The first day of trading for Apex Minerals NL on the ASX saw its share price move between a low of $0.23 and a high of $0.24, before closing at $0.23 per share which was 12.50% above its original offer price of $0.20 per share.
AXM's current share price of $0.01 is a -$0.19 or 94.50% discount to its original offer price of $0.20.

AXM Float / IPO Details

Offer Open Date14 May 2002
Offer Close Date14 Jun 2002
Listing Date7 Jun 2002
Issue Price$0.20
Amount Raised$4,000,000
Shares Issued (new)20,000,000
Underwriter
Consultants
AuditorStanton Partners

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

Current Price$0.01-94.50%
First Day Open$0.2420%
First Day High$0.2420%
First Day Low$0.2312.50%
First Day Close$0.2312.50%
All-time High$1.43612.50%
All-time Low-100%
12-month Highn/an/a
12-month Lown/an/a

Other floats & IPOs around the same time as Apex Minerals NL (AXM)

Security Code Company Offer Open Offer Close Listing Issue Price Current Price Gain
IMA Image Resources NL 16 May 2002 14 Jun 2002 4 Jul 2002 $0.20 $0.08 -59%
DEG De Grey Mining Limited 14 Jun 2002 12 Jul 2002 3 Jul 2002 $0.20 $1.34 567.50%
SHG1 Sunshine Gas Limited 22 Apr 2002 14 Jun 2002 3 Jul 2002 $0.20
CAF Alliance Finance Corporation Limited 30 May 2002 27 Jun 2002 25 Jun 2002 $0.50 $0.29 -42%
CAL CITIC Australia Trading Limited 8 May 2002 7 Jun 2002 18 Jun 2002 $0.20 $0.90 350%
WCC Range River Gold NL 6 May 2002 22 May 2002 17 Jun 2002 $0.20 $0.04 -82%
JAK Jackson Gold Limited 6 May 2002 31 May 2002 11 Jun 2002 $0.20 $0.03 -84.50%
SPX Premier Bionics Limited 2 May 2002 17 May 2002 29 May 2002 $0.20 $0.01 -95.50%
SAF Safe Effect Technologies Limited 1 Mar 2002 10 May 2002 28 May 2002 $0.20 $0.05 -76.50%
RQL Repcol Limited 2 Apr 2002 30 Apr 2002 16 May 2002 $0.50 $0.26 -48%
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 $0.85 112.50%
IGS County Diamonds Limited 21 Mar 2002 24 Apr 2002 8 May 2002 $0.20 $0.00 -98.50%

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