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Metal powder producer Amaero Inc. has priced its initial public offering on the Nasdaq Capital Market at $4.25 per share, selling 4,705,883 shares at an initial public offering price totaling $20 million.
After underwriting discounts and estimated expenses, net proceeds come to approximately $15.7 million. The deal is expected to close today, October 16.
The company, which redomiciled from Australia to the US, has had its CHESS Depositary Interests (CDIs), representing beneficial interests in its shares, trading on the Australian Securities Exchange (ASX) under the ticker 3DA.
It will now also trade in the US under the symbol AMRO. A 30-day greenshoe option covering 705,882 additional shares could bring n