Australia's Amaero tumbles on postponing US IPO plans

Amaero Pty

24/09/2026 01:57

** Shares of Amaero 3DA.AX fall 21.8% to A$0.215, on track for worst day since late September 2022 if trends hold
** Stock hits lowest level since September 16 
** Alloy powder producer postpones plans for its US initial public offering, citing adverse market conditions
** About 2.3 mln shares change hands, 1.4x the 30-day average of 1.6 mln
** Stock down 27.3 % YTD, including moves in the current session

(Reporting by Jasmeen Ara Shaikh in Bengaluru)
((Jasmeenaraislam.Shaikh@thomsonreuters.com;))