After the first day of trading, InteliCare’s (ASX:ICR) stocks have finished 57.5 per cent higher than the IPO cost. After raising $5.5million in the IPO stage, with stocks at 20c, the aged care technology company chose to push ahead and list during the volatile Coronavirus pandemic.
Current social distancing restrictions meant that the ceremonious bell had to be rung over a Zoom call, marking the uniqueness of the situation.
Chief executive Jason Waller said he was “thrilled” by the successful listing, but not surprised.
On the same day, InteliCare announced that after a successful trial by the WA State Government, it had made an initial purchase of $50,000 of InteliCare technology.
Read the full article on The West Australian.