Australia's largest IPO this year, Redox, opens slightly lower on debut

Redox

03/07/2023 03:14

July 3 (Reuters) - Australian chemical distributor Redox
Ltd's  RDX.AX  shares opened slightly lower compared to their
issue price as the country's largest initial public offering
this year debuted on the Australian Securities Exchange (ASX) on
Monday.
    The firm raised A$402 million ($267.29 million) by selling
its shares at A$2.55. Shares opened marginally lower at A$2.51,
underperforming the S&P/ASX200  .XJO  which was up 0.3% by
midday on Monday.


($1 = 1.5040 Australian dollars)

 (Editing by Muralikumar Anantharaman)