** Shares of IXUP IXU.AX rise as much as 44.4% to A$0.013, their biggest intraday percentage gain since May 6

** Stock hits its highest level since Nov 27

** The software co says its has raised A$3.2 mln ($2.05 mln) via placement at A$0.01 per share

** Placement price represents an 11.1% premium on co's last close

** About 3.1 mln shares change hands, compared with the 30-day average volume of around 1.6 mln

** Stock down 60.5% YTD, including session's move

($1 = 1.5640 Australian dollars)

(Reporting by Aaditya Govind Rao in Bengaluru)

((Aaditya.govindrao@thomsonreuters.com;))