Australia's IVE Group falls on discounted placement

Ive

20/09/2022 02:45

** Shares of Australia's IVE Group Ltd  IGL.AX  fall as much
as 5.5% to A$2.25, their lowest since Sept. 13
    ** Marketing co announces completion of A$18 mln ($12.09
mln) placement  urn:newsml:reuters.com:*:nASXbzph8P
    ** Co to issue about 8 mln new fully paid ordinary shares at
A$2.25 per share, a discount of 5.5% to Friday's close 
    ** Stock posts its biggest intraday pct fall since Sept. 13
    ** Stock had risen 36.8% this year, as of last close
    
($1 = 1.4883 Australian dollars)

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))