IPO Alert: Ashby Mining Group to list on ASX on 27 April 2023
The Australian Securities Exchange (ASX) is set to welcome a new player to its ranks with the upcoming listing of Ashby Mining Group (AMG). The mining company is scheduled to list on the ASX at 11:00 AM AEST on 27 April 2023 under the security code AMG.
Ashby Mining Group is a mining company with its principal activities in the mining industry. While the GICS industry group for the company is yet to be announced, it is expected to be in the materials sector. The company’s website, https://ashbymining.com.au/, provides more information about its operations.
AMG’s Initial Public Offering (IPO) is set to raise $15,000,000 with an issue price of AUD 0.20 per ordinary fully paid share. The company issued ordinary fully paid shares, and its shares will be available for trading on the ASX upon listing. The offer closed on 15 March 2023, and the company is set to commence trading on 27 April 2023.
CLSA Australia Pty Ltd will act as the underwriter and lead manager for the AMG IPO. The underwriter and lead manager will work together with Ashby Mining Group to ensure a successful listing on the ASX.
The IPO market in Australia is experiencing an upswing, with many companies taking advantage of favorable market conditions to go public. This trend has been driven by the low-interest-rate environment, increased investor appetite for new investment opportunities, and the ASX’s strong performance.
Ashby Mining Group’s listing is expected to add to the growing list of companies listing on the ASX in 2023. Investors who are interested in participating in the IPO should contact their stockbroker or financial advisor for guidance.
The Ashby Mining Group IPO presents an exciting opportunity for investors to invest in the mining industry. With the company’s listing date fast approaching, investors can look forward to taking advantage of the unique investment opportunity.