Australia's Iodm sees worst day in a week on discounted equity raising

Iodm

31/12/2020 24:15

** Shares of Iodm Ltd  IOD.AX  fall as much as 3% to A$0.16,
posting their biggest intraday pct loss since Dec. 16
    ** The cloud-based software-as-a-service provider raises
A$1.75 ($1.35 mln) by issuing ordinary shares at A$0.15 per
share to a investor in United Kingdom  urn:newsml:reuters.com:*:nASX7QbHzR
    ** The shares issued are at a discount of 9% to stock's
closing price on Dec. 24, when it last traded
    ** About 570,000 shares change hands, vs the 30-day average
volume of 102,000 shares
    ** Stock has risen 22.2% this year, as of last close

($1 = $1.0000)

($1 = 1.3006 Australian dollars)

 (Reporting by Harish Sridharan in Bengaluru)
 ((harish.sridharan@thomsonreuters.com))