IPO Alert: Innogy Limited to list on ASX on 25 May 2023
Innogy Limited, a mining company focused on the exploration and development of mineral resources in Australia, is set to list on the Australian Securities Exchange (ASX) on 25 May 2023. The company’s listing is scheduled for 11:00 AM AEST and will be under the security code IOG.
Innogy Limited’s principal activities revolve around mining, and the company’s GICS industry group is yet to be announced. The company’s website, https://innogylimited.com.au/, provides more information about its operations and mission.
The company’s Initial Public Offering (IPO) aims to raise $8,000,000 through the issue of ordinary fully paid shares at an issue price of AUD 0.20 per share. The offer closed on 27 April 2023, and the shares will be available for trading on the ASX upon listing.
Unlike other IPOs that are underwritten, Innogy Limited’s IPO is not underwritten. Canaccord Genuity (Australia) Limited will act as the lead manager for the IPO. The lead manager will work together with Innogy Limited to ensure a successful listing on the ASX.
The Australian IPO market has experienced an increase in activity in recent times, with many companies looking to go public. This trend has been driven by low-interest rates, increased investor appetite for new investment opportunities, and the ASX’s strong performance.
Innogy Limited’s upcoming listing presents a unique opportunity for investors looking to invest in the mining industry. With the company’s listing date fast approaching, investors can look forward to taking advantage of this investment opportunity.
Investors interested in participating in the IPO should contact their stockbroker or financial advisor for guidance. Innogy Limited’s listing on the ASX is expected to add to the growing list of companies going public in Australia in 2023.
Innogy Limited’s IPO presents a unique opportunity for investors looking to invest in the mining industry. With the company’s listing date fast approaching, investors can start preparing to take advantage of this opportunity.