XPE General Topics, page-1557

IPO Details

Company: Raya Group Limited – to be changed to Xped Limited
ASX Code: RYG – to be changed to XPE
Shares on Offer: 320 million
Listing Price: $0.025
Market Capitalisation: $42.3 million
Listing Date: March 31st

Xped is now engaging prospective industrial customers and the technology is undergoing commercial trials. The company has established a Memorandum of Understanding (‘MOU’) with Tytronics, Vital Xense and Wire By Click and most recently with a NASDAQ listed chipset manufacturer. After satisfying requirements of the validation phase, Xped aims to commercialise the technology via a licensing approach in which third parties remunerate Xped for the right to integrate the ADRC technology into their products

https://www.wise-owl.com/news/internet-of-things-company-xped-to-list-on-asx


Listing price is 0.025, now it is 0.035, just 40% growth, still have large potential for growth.

Most of the listed company with potential will grow to multiples the listing price.

So I am expecting a SP of 0.1, which is only FOUR times the listing price, not a big problem.