Is anyone into this IPO? Small, Perth based company manufacturing 3D metal printers (company that manufactures something physical rather than building castles in the air!). Small Cr of 2.8 mil. If I calculated correctly market cap after IPO 10mil. 60% shares escrowed. Directors and managers are not selling a single share post floating. Apparently quite innovative and competitive products, priced very attractive comparing with competitors. In many ways very similar to MX1 floated a few months ago. It may stag on open but similarly to MX1 the SP may tank after that in expectation of commercialization phase. Aurora is expecting to start selling first models on commercial terms end of this year. They already sold quite a few printers, at discounted pricing though. Any views and opinions?
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Is anyone into this IPO? Small, Perth based company...
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