IPO for ASX Listing CompletedKincora raises $10M by issuing 50M CDIs for their IPO and listing on the ASX. Proposed listing date on the ASX is March 30th.
The demand from Australian investors for the IPO must have been great! It will be interesting to see what price Kincora opens at on the ASX and where it finishes on it's first day. I would assume that many investors either missed out entirely or had their original requested quantity cut back, so demand on the open market could be great as well.
KCC now fully cashed up with 2 drills turning and assay results due.
Plenty of reasons to expect a much higher share price in the near future.
Us long suffering long term shareholders may finally be seeing a light at the end of the tunnel.
Chip