Australia's ION Video surges on premium placement
16/09/2026 01:33
BUZZ-Australia's ION Video surges on premium placement ** Shares of ION Video IOV.AX rise as much as 8.9% to A$0.43 in early trade, their highest since September 4
** Stock on track for fourth straight day of gains
** Technology firm receives firm commitments to raise A$4.25 million ($3.03 million) via a placement
** Placement issue price at A$0.4 per share, representing a 1.3% premium to stock's last close
** Says funds will be used to accelerate co's strategic validation program for the ION technology suite, among other purposes
** Stock up 186.7% YTD, including the day's moves
($1 = 1.4043 Australian dollars)
(Reporting by Nikita Maria Jino in Bengaluru)