Morgans Financial is calling for bids for Advanced Innergy Holdings, the industrial protection products manufacturer that’s making its way to the ASX, after finalising key valuation metrics on Wednesday.
Street Talk can reveal Advanced Innergy Holdings (AIS) has priced its initial public offering at $1 per share, with about 200 million shares on offer. With existing owners holding another 200 million shares, this will give AIS a market capitalisation of $404 million and a 52.1 per cent free float on listing.
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