Intelligent Investor

QEM Limited (ASX: QEM) - Float & IPO Details

- Current share price for QEM : $0.150

QEM Limited (QEM) is a mining company focused on the exploration and development of the companies flagship project - Julia Creek Vanadium and Oil Shale Project, located in the Julia Creek area of North Western Queensland, Australia.

QEM Limited (QEM) floated on the Australian Securities Exchange (ASX) on Friday, 19 October 2018. The company opened its first day of trading with a share price of $0.21 which was up 5% from its offer price of $0.20 per share. The first day of trading for QEM Limited on the ASX saw its share price move between a low of $0.19 and a high of $0.21, before closing at $0.19 per share which was 7.50% below its original offer price of $0.20 per share.
QEM's current share price of $0.15 is a -$0.05 or 25% discount to its original offer price of $0.20.

QEM Float / IPO Details

Offer Open Date14 Aug 2018
Offer Close Date10 Sep 2018
Listing Date19 Oct 2018
Issue Price$0.20
Amount Raised$5,000,000
Shares Issued (new)25,000,000
Underwriter
Consultants
AuditorBentleys Audit & Corporate

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

Current Price$0.15-25%
First Day Open$0.215%
First Day High$0.215%
First Day Low$0.19-7.50%
First Day Close$0.19-7.50%
All-time High$0.3470%
All-time Low-100%
12-month High$0.2315%
12-month Low-100%

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TGF Tribeca Global Natural Resources Limited 3 Sep 2018 26 Sep 2018 12 Oct 2018 $2.50 $1.60 -36%
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SGI Stealth Global Holdings Ltd 20 Aug 2018 7 Sep 2018 2 Oct 2018 $0.20 $0.23 15%
NBI NB Global Corporate Income Trust 20 Aug 2018 7 Sep 2018 26 Sep 2018 $2.00 $1.49 -25.75%
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