Intelligent Investor

Sequoia Financial Group Ltd (ASX: SEQ) - Float & IPO Details

Current share price for SEQ : $0.535 0.01 (1.90%)

Sequoia Financial Group (SEQ) is to provide a services to financial planner stockbrokers, self-directed investors, superannuation funds and accountants that allows them to offer wealth management solutions to their customers. This includes provision of licensing services, business support, advice coaching, compliance, education, wholesale clearing, legal document establishments, portfolio management, bespoke investments, administration, investor relations, research and media services.

Sequoia Financial Group Ltd (SEQ) floated on the Australian Securities Exchange (ASX) on Tuesday, 19 September 2000. The company opened its first day of trading with a share price of $0.27 which was down 75.45% from its offer price of $1.10 per share. The first day of trading for Sequoia Financial Group Ltd on the ASX saw its share price move between a low of $0.27 and a high of $0.27, before closing at $0.27 per share which was 75.45% below its original offer price of $1.10 per share.
SEQ's current share price of $0.54 is a -$0.57 or 51.36% discount to its original offer price of $1.10.

SEQ Float / IPO Details

Offer Open Date15 Aug 2000
Offer Close Date1 Sep 2000
Listing Date19 Sep 2000
Issue Price$1.10
Amount Raised$17,000,000
Shares Issued (new)15,454,546
UnderwriterUBS Warburg
Consultants
Auditor

SEQ Float / IPO Performance (relative to an issue price of $1.10)

Current Price$0.54-51.36%
First Day Open$0.27-75.45%
First Day High$0.27-75.45%
First Day Low$0.27-75.45%
First Day Close$0.27-75.45%
All-time High$0.76-30.91%
All-time Low-100%
12-month High$0.61-44.55%
12-month Low-100%

Other floats & IPOs around the same time as Sequoia Financial Group Ltd (SEQ)

Security Code Company Offer Open Offer Close Listing Issue Price Current Price Gain
MGE1 Magnetic Minerals Limited 11 Sep 2000 30 Sep 2000 18 Oct 2000 $0.30
ALN AlintaGas Limited 11 Sep 2000 6 Oct 2000 17 Oct 2000 $2.25
AES Advanced Energy Systems Ltd 25 Aug 2000 12 Sep 2000 13 Oct 2000 $0.35 $0.04 -90%
OVT Occupational and Medical Innovations Limited 17 Jul 2000 4 Sep 2000 12 Oct 2000 $1.00 $0.03 -97.10%
CLA1 Clarity International Limited 22 Aug 2000 12 Sep 2000 11 Oct 2000 $0.50
PME Pro Medicus Limited 5 Sep 2000 29 Sep 2000 10 Oct 2000 $1.15 $117.18 10,089.57%
PLA Platinum Australia Limited 22 Aug 2000 18 Sep 2000 9 Oct 2000 $0.20 $0.07 -66.50%
CLH Collection House Limited 4 Sep 2000 22 Sep 2000 4 Oct 2000 $1.00 $0.07 -93.20%
OPL1 Games R Us Australia Ltd 31 Jul 2000 11 Sep 2000 4 Oct 2000 $0.25
DEV Bullion Minerals Limited 13 Sep 2000 4 Oct 2000 3 Oct 2000 $0.20 $0.29 45%
TOX Tox Free Solutions Limited 5 Jul 2000 23 Sep 2000 29 Sep 2000 $0.50 $3.42 584%
SPL Starphama Pooled Development Limited 28 Aug 2000 13 Sep 2000 28 Sep 2000 $0.85 $0.13 -85.29%
PEP1 Peplin Biotech Limited 31 Aug 2000 19 Sep 2000 22 Sep 2000 $0.40
GEN2 Genesis Research & Development Corporation Limited 29 Aug 2000 14 Sep 2000 22 Sep 2000 $4.60
SOF Software Communication Group 22 Aug 2000 4 Sep 2000 19 Sep 2000 $0.35 $0.04 -90%
TOY Funtastic Ltd 15 Aug 2000 4 Sep 2000 14 Sep 2000 $0.50 $0.01 -97.80%
FML Austminex NL 16 Aug 2000 1 Sep 2000 13 Sep 2000 $0.20 $0.14 -32.50%
HLO Heartlink Ltd 8 Aug 2000 1 Sep 2000 13 Sep 2000 $0.20 $2.48 1,140%
EIT eNTITy1 Ltd 7 Aug 2000 28 Aug 2000 13 Sep 2000 $0.25
FID Fiducian Portfolio Services 11 Aug 2000 31 Aug 2000 12 Sep 2000 $1.20 $7.50 525%
GBA E-Shares Corporation Ltd 15 Jun 2000 14 Aug 2000 12 Sep 2000 $1.00 $0.02 -98%
JAN HJ & B Group 16 Aug 2000 1 Sep 2000 12 Sep 2000 $1.00 $0.29 -71.50%
AEI InfoBank International 16 Aug 2000 13 Sep 2000 12 Sep 2000 $0.20 $0.07 -65%
UEC Uecomm Limited 18 Aug 2000 6 Sep 2000 11 Sep 2000 $2.20
RHD Julia Ross Recruitment 14 Aug 2000 30 Aug 2000 8 Sep 2000 $1.00 $0.85 -15%
CGO CPT Global 17 Aug 2000 18 Sep 2000 8 Sep 2000 $1.00 $0.13 -87%
WJA eServ Limited 16 Aug 2000 1 Sep 2000 8 Sep 2000 $1.00 $0.15 -85.25%
RMA FlowCom Ltd 4 Aug 2000 24 Aug 2000 8 Sep 2000 $0.50 $0.01 -97.80%
TXT Text Media Group 7 Aug 2000 25 Aug 2000 8 Sep 2000 $2.00
CCP Credit Corp Group Ltd 3 Aug 2000 1 Sep 2000 4 Sep 2000 $0.50 $15.74 3,048%
GRO2 Gropep Limited 2 Aug 2000 23 Aug 2000 31 Aug 2000 $1.60
PTL Symex Holdings Ltd 26 Jul 2000 24 Aug 2000 29 Aug 2000 $0.50 $0.33 -34%
BTC BioTech Capital Ltd 15 Jul 2000 4 Aug 2000 29 Aug 2000 $0.50 $0.04 -91.40%
QGC Queensland Gas Company 31 Jul 2000 18 Aug 2000 28 Aug 2000 $0.20 $5.75 2,775%
SRX1 Sirtex Medical 25 Jul 2000 11 Aug 2000 24 Aug 2000 $1.00
WNS World.Net Services 17 Apr 2000 26 Jun 2000 24 Aug 2000 $0.50 $0.01 -98%
PPH1 Pan Pharmaceuticals Ltd 26 Jul 2000 15 Aug 2000 23 Aug 2000 $1.00
AHJ eStar 10 Jul 2000 21 Aug 2000 23 Aug 2000 $0.50 $0.10 -80%
AQE Hudson Securities 24 May 2000 21 Jul 2000 21 Aug 2000 $0.30 $0.20 -33.33%

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