FMJ

Fortis Mining IPO Closing Early


A Melbourne based metals explorer, Fortis Mining (ASX:FMJ) expects to see its IPO (Initial Public Offering) close early before its December 1 expiry date.. The company opened its float offerings two weeks prior to raise $4 million at 20 cents per share.

Within four days of the IPO launch, two thirds of the shares on offer were allocated with Macquarie Banka and RBS Morgan rumoured to buy most of the IPO with $1.5 million worth each for clients.

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