Australian stainless IPO

Australian stainless steel and specialty metals company Atlas Group Holdings plans to list on the Australian Stock Exchange on 23 June, issuing a prospectus for a ASD 70 million capital raising. ABN AMRO Rothschild is lead manager of the initial public share offering.
The company said the application price for retail shareholders will be ASD 1.10 a share, but did not provide information on the institutional component of the IPO. Atlas will have a market capitalisation of ASD 90 million based on the retail price.

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