Chemical distributor Redox slides on ASX debut

Redox

03/07/2023 04:40

** Shares of Australian chemical distributor Redox  RDX.AX 
slide as much as 3.5% to A$2.460 on market debut
    ** Shares open trading at A$2.510
    ** Co raised A$402 mln ($267.29 mln) at an issue price of
A$2.55 per share, in the country's largest initial public
offering (IPO) this year
    ** Stock last down 2.1% with the broader market  .AXJO  up
about 0.5%
    ** More than 1.6 mln shares trade hands

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))