Intelligent Investor

Planet Platinum Limited (ASX: PPN) - Float & IPO Details

DELISTED - Current share price for PPN : $0.200

Planet Platinum Limited (PPN) floated on the Australian Securities Exchange (ASX) on Thursday, 1 May 2003. The company opened its first day of trading with a share price of $0.70 which was up 40% from its offer price of $0.50 per share. The first day of trading for Planet Platinum Limited on the ASX saw its share price move between a low of $0.69 and a high of $1.09, before closing at $1.09 per share which was 118% above its original offer price of $0.50 per share.
PPN's current share price of $0.20 is a -$0.30 or 60% discount to its original offer price of $0.50.

PPN Float / IPO Details

Offer Open Date29 Nov 2002
Offer Close Date4 Apr 2003
Listing Date1 May 2003
Issue Price$0.50
Amount Raised$8,900,000
Shares Issued (new)17,800,000
Underwriter
Consultants
AuditorIndependent Accountant: Alexander & Spencer. Accountants: Hayes Knight

PPN Float / IPO Performance (relative to an issue price of $0.50)

Current Price$0.20-60%
First Day Open$0.7040%
First Day High$1.09118%
First Day Low$0.6938%
First Day Close$1.09118%
All-time High$2.05310%
All-time Low-100%
12-month Highn/an/a
12-month Lown/an/a

Other floats & IPOs around the same time as Planet Platinum Limited (PPN)

Security Code Company Offer Open Offer Close Listing Issue Price Current Price Gain
CQE Peppercorn Investment Fund 23 Apr 2003 21 May 2003 22 May 2003 $1.15 $2.52 119.13%
PMN Promina Group Limited 14 Apr 2003 2 May 2003 12 May 2003 $1.90 $7.32 285.26%
SIB Siberia Mining Corporation Limited 21 Mar 2003 17 Apr 2003 29 Apr 2003 $0.20
AGJ Westralia Property Trust 31 Dec 2002 28 Mar 2003 10 Apr 2003 $0.92 $0.03 -96.74%
LNR TasGold Limited 9 Jan 2003 26 Mar 2003 9 Apr 2003 $0.20 $0.01 -97.50%

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