Chemical distributor Redox slides on ASX debut
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;))
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