Amaero IPO Priced at $4.25/Shr

Dow Jones

Oct 15

Amaero's initial public offering of 4.7 million shares priced at $4.25 each

The company preivously postponed its IPO due to adverse market conditions.

The maker of refractory and titanium alloy spherical metal powders said in a securities filing last week that it expected to sell 3.88 million shares. Shares are expected to trade on the Nasdaq Capital Market on Thursday under symbol AMRO.

In June, Amaero redomiciled to the U.S. from Australia. The company said this would provide access to a broader investor base and improve its ability to pursue classified U.S. military and federal contracts. Its CHESS Depositary Interests are listed on the Australian Securities Exchange.

The McDonald, Tenn., company said in July that it confidentially filed for a proposed IPO.

Revenue for the year ended June 30 was 18.1 million Australian dollars ($12.5 million), up from A$3.8 million a year earlier.

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Shares are expected to trade on the Nasdaq Capital Market on Thursday under symbol AMRO. \n</p>\n<p>\n  In June, Amaero redomiciled to the U.S. from Australia. The company said this would provide access to a broader investor base and improve its ability to pursue classified U.S. military and federal contracts. 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Shares are expected to trade on the Nasdaq Capital Market on Thursday under symbol AMRO. \n\n\n  In June, Amaero redomiciled to the U.S. from Australia. The company said this would provide access to a broader investor base and improve its ability to pursue classified U.S. military and federal contracts. Its CHESS Depositary Interests are listed on the Australian Securities Exchange. \n\n\n  The McDonald, Tenn., company said in July that it confidentially filed for a proposed IPO. \n\n\n  Revenue for the year ended June 30 was 18.1 million Australian dollars ($12.5 million), up from A$3.8 million a year earlier.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}