Intelligent Investor

Nexion Group Ltd (ASX: NNG) - Float & IPO Details

- Current share price for NNG : $0.015

Nexion Group Ltd (NNG) provides a vertically integrated capability to design, build and operate Enterprise Asset Management solutions using the latest Artificial Intelligence, Machine Learning and Digital Twin technologies. NEXION integrates software, compute, storage, network and cyber security to deliver reliable and robust hybrid-cloud systems.

Nexion Group Ltd (NNG) floated on the Australian Securities Exchange (ASX) on Thursday, 18 February 2021. The company opened its first day of trading with a share price of $0.20 which was down 0% from its offer price of $0.20 per share. The first day of trading for Nexion Group Ltd on the ASX saw its share price move between a low of $0.18 and a high of $0.26, before closing at $0.25 per share which was 25% above its original offer price of $0.20 per share.
NNG's current share price of $0.02 is a -$0.19 or 92.50% discount to its original offer price of $0.20.

NNG Float / IPO Details

Offer Open Date8 Dec 2020
Offer Close Date17 Dec 2020
Listing Date18 Feb 2021
Issue Price$0.20
Amount Raised$8,000,000
Shares Issued (new)40,000,000
Underwriter
Consultants
AuditorStantons International Audit and Consulting Pty Ltd

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

Current Price$0.02-92.50%
First Day Open$0.200%
First Day High$0.2630%
First Day Low$0.18-10%
First Day Close$0.2525%
All-time High$0.41105%
All-time Low-100%
12-month High$0.02-88.50%
12-month Low-100%

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