Business
WA Kaolin commences trading at a premium after heavily subscribed IPO – Small Caps
WA Kaolin (ASX: WAK) began its journey on the bourse today, offering investors exposure to its kaolin operation and plans on becoming a “globally significant” producer…
WA Kaolin (ASX: WAK) began its journey on the bourse today, offering investors exposure to its kaolin operation and plans on becoming a globally significant producer to meet mounting market demand.
The company’s initial public offering was heavily oversubscribed after offering 110 million shares at $0.20 each.
They were also given one free attaching option for every two shares.
In total, the company raised $22 million before costs to fund its stage one expansion plans, with an implied market capitalisation…
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