Intelligent Investor

Metals Acquisition Limited (ASX: MAC) - Float & IPO Details

Current share price for MAC : $21.420 0.77 (3.73%)

Metals Acquisition Limited (MAC) is a private limited company incorporated under the laws of Jersey, Channel Islands and listed on the NYSE that is focused on the acquisition and operation of mining assets. The company's core asset is its 100% owned CSA Copper Mine. The CSA Copper Mine is located near Cobar, New South Wales, and was acquired by the company from Glencore PLC in June 2023.

Metals Acquisition Limited (MAC) floated on the Australian Securities Exchange (ASX) on Tuesday, 20 February 2024. The company opened its first day of trading with a share price of $18.00 which was up 5.88% from its offer price of $17.00 per share. The first day of trading for Metals Acquisition Limited on the ASX saw its share price move between a low of $18.00 and a high of $19.13, before closing at $19.00 per share which was 11.76% above its original offer price of $17.00 per share.
MAC's current share price of $21.42 is a $4.42 or 26% premium to its original offer price of $17.00.

MAC Float / IPO Details

Offer Open Date5 Feb 2024
Offer Close Date9 Feb 2024
Listing Date20 Feb 2024
Issue Price$17.00
Amount Raised$325,000,000
Shares Issued (new)19,117,648
Underwriter
Consultants
AuditorErnst & Young LLP

MAC Float / IPO Performance (relative to an issue price of $17.00)

Current Price$21.4226%
First Day Open$18.005.88%
First Day High$19.1312.53%
First Day Low$18.005.88%
First Day Close$19.0011.76%
All-time High$22.1830.47%
All-time Low$18.005.88%
12-month High$22.1830.47%
12-month Low$18.005.88%

Other floats & IPOs around the same time as Metals Acquisition Limited (MAC)

Security Code Company Offer Open Offer Close Listing Issue Price Current Price Gain
LMS Litchfield Minerals Limited 31 Jan 2024 28 Feb 2024 15 Mar 2024 $0.20 $0.20 0%
GMVW VanEck Geared Australian Equal Weight Fund (Hedged 29 Feb 2024 $38.25
JNDQ Betashares Nasdaq Next Gen 100 ETF 22 Feb 2024 $14.93
ONDQ Betashares Nasdaq 100 Equal Weight ETF 22 Feb 2024
WAG The Australian Wealth Advisory Group Limited 27 Nov 2023 22 Jan 2023 16 Feb 2024 $0.25 $0.34 36%
CGUN Claremont Global Fund (Managed Fund) 12 Feb 2024 $1.75
CGHE Claremont Global Fund (Hedged) (Managed Fund) 12 Feb 2024 $1.72
CSC Capstone Copper Corp. 2 Feb 2024 $12.40
LEND VanEck Global Listed Private Credit (AUD Hedged) E 2 Feb 2024 $20.49

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