Australia's BlinkLab falls on discounted placement

BlinkLab

16/04/2026 05:51

** Shares of BlinkLab BB1.AX fall 5.1% to A$0.745, their lowest level since March 31

** Digital healthcare firm raises A$17.5 million ($12.58 million) at A$0.65 per share

** Issue price represents a discount of 17.2% to stock's last close

** Stock on track for worst day since March 23

** About 321,233 shares traded so far vs 30-day average of 169,415

** Stock down 8% YTD, including moves in current session

($1 = 1.3906 Australian dollars)

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((Jasmeenaraislam.Shaikh@thomsonreuters.com;))