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Morgans begins Aerometrex IPO, page-2

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birdman29

27,550 Posts.

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25/10/19

14:26

Post #: 41068743
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Originally posted by lightning70: ↑

Morgans has launched an IPO for aerial imagery and mapping business Aerometrex, forging ahead despite a slew of canned floats this month. Aerometrex provides aerial imagery and mapping to clients like infrastructure groups.

The company is seeking to raise $25 million at $1 a share and is eyeing off an early December listing date. Aerometrex's market capitalisation would be $94.4 million at the completion of the offer.Bids close at 10am on Thursday next week and a network presentation is scheduled for 11am on Monday.

Morgans is the lead manager and underwriter to the IPO.

The broker is pitching Aerometrex as a mini version of Nearmap, the aerial imagery company that has gone gangbusters in the last two years and has a market capitalisation of $1.3 billion. Nearmap shares are trading up 124 per cent in the last 12 months to $2.82.
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You just beat me to it ... was about to post it

Google: Morgans begins Aerometrex IPO

to get the link

Last edited by birdman29: 25/10/19

NEA Price at posting: $2.79 Sentiment: Hold Disclosure: Held
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