Intelligent Investor

Nido Education Limited (ASX: NDO) - Float & IPO Details

- Current share price for NDO : $0.885

Nido Education Limited (NDO) is a national owner, operator and manager of long day early childhood education and care services ("Centres" or "child care Centres"), operating under the Nido Early School brand. The group owns 28 Centres and as a function of the IPO, the Group has contracted to acquire, and immediately after IPO will commence settling the acquisition of a further 24 Centres, taking the Nido Centre portfolio to 52 owned and operated Centres.

Nido Education Limited (NDO) floated on the Australian Securities Exchange (ASX) on Monday, 16 October 2023. The company opened its first day of trading with a share price of $1.00 which was down 0% from its offer price of $1.00 per share. The first day of trading for Nido Education Limited on the ASX saw its share price move between a low of $0.96 and a high of $1.00, before closing at $0.96 per share which was 4% below its original offer price of $1.00 per share.
NDO's current share price of $0.89 is a -$0.12 or 11.50% discount to its original offer price of $1.00.

NDO Float / IPO Details

Offer Open Date21 Sep 2023
Offer Close Date4 Oct 2023
Listing Date16 Oct 2023
Issue Price$1.00
Amount Raised$99,200,000
Shares Issued (new)99,200,000
Underwriter Canaccord, Moelis and Wilsons
Consultants
AuditorKPMG Australia

NDO Float / IPO Performance (relative to an issue price of $1.00)

Current Price$0.89-11.50%
First Day Open$1.000%
First Day High$1.000%
First Day Low$0.96-4.25%
First Day Close$0.96-4%
All-time High$1.010.50%
All-time Low-100%
12-month High$1.010.50%
12-month Low-100%

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