When aged-care technology company, InteliCare (ASX:ICR) planned their listing on the ASX, they had no idea it would be during a pandemic and that they would be having the listing ceremony over Zoom. But that was the case on Monday when InteliCare made its debut on the ASX. The company ran the bell virtually before having an exceptional day on the market.
InteliCare’s hares surged on opening, reaching as high as a 95 per cent increase at 39c, from the IPO price of 20c.
InteliCare identified a need in the market to provide an aged care solution to Australia’s ageing population. In the not too distant future, the senior population will grow to beyond the government’s aged care services capacity. InteliCare’s remote monitoring platform enables any home to become a smart home to monitor the wellbeing of seniors living at home. The product is discreet and only shares a person’s information with their chosen care team, in most cases, their family.
Read the full article in The Australian