Australia's Chrysos Corp slides up to 40% in market debut

Chrysos

06/05/2022 04:08

** Shares of mining support services provider Chrysos Corp
 C79.AX  slide as much as 40% from the IPO price of A$6.50 per
share
    ** Shares open at A$4.32, a 33.5% discount to the IPO price;
last down 35.1% from the IPO price, at A$4.22
    ** Chrysos raised A$183.5 mln ($130.40 million) in the IPO
    ** Broader market  .AXJO  down 2.4%, dented by a global
sell-off in equities on recessionary fears  .AX   MKTS/GLOB  
    ** Co says IPO proceeds will be used for deploying around
the globe further units of PhotonAssay, its technology used to
measure gold content in mineral samples       

($1 = 1.4073 Australian dollars)

 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))