Intelligent Investor

PharmAust Limited (ASX: PAA) - Float & IPO Details

Current share price for PAA : $0.190 0.03 (13.64%)

PharmAust Limited (PAA) is a clinical-stage biotechnology company developing therapeutics for human and animal health applications. The company is focused on repurposing monepantel (MPL) for human neurodegenerative diseases and treating cancer in dogs. It develops its own drug discovery intellectual property for the treatment of different types of cancers, neurological diseases and viral infections, as well as providing specialised medicinal and synthetic chemistry services on a contract basis to clients.

PharmAust Limited (PAA) floated on the Australian Securities Exchange (ASX) on Friday, 5 October 2001. The company opened its first day of trading with a share price of $0.40 which was up 15.19% from its offer price of $0.35 per share. The first day of trading for PharmAust Limited on the ASX saw its share price move between a low of $0.30 and a high of $0.41, before closing at $0.39 per share which was 11.48% above its original offer price of $0.35 per share.
PAA's current share price of $0.19 is a -$0.16 or 45.71% discount to its original offer price of $0.35.

PAA Float / IPO Details

Offer Open Date22 Aug 2001
Offer Close Date21 Sep 2001
Listing Date5 Oct 2001
Issue Price$0.35
Amount Raised$2,000,000
Shares Issued (new)5,714,285
UnderwriterOffer is not underwritten.
Consultants
AuditorRSM Bird Cameron Partners

PAA Float / IPO Performance (relative to an issue price of $0.35)

Current Price$0.19-45.71%
First Day Open$0.4015.19%
First Day High$0.4117.67%
First Day Low$0.30-13.29%
First Day Close$0.3911.48%
All-time High$0.5452.86%
All-time Low-100%
12-month High$0.5452.86%
12-month Low-100%

Other floats & IPOs around the same time as PharmAust Limited (PAA)

Security Code Company Offer Open Offer Close Listing Issue Price Current Price Gain
AUZ West Musgrave Mining Limited 6 Aug 2001 3 Sep 2001 28 Sep 2001 $0.20 $0.01 -95%
PAN Sally Malay Mining Limited 1 Aug 2001 31 Aug 2001 14 Sep 2001 $0.20 $0.04 -82.50%
VOY Voyager Energy Limited 6 Aug 2001 27 Aug 2001 12 Sep 2001 $0.20

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