Spike Networks to list tomorrow
- — 22 July, 1999 21:49
Australian Web firm Spike Networks has brought forward its listing on the Australian Stock Exchange to tomorrow, July 23 at 11:00am.
The company's IPO was launched in June and popularly embraced from its opening with applications for shares closing last Friday, a week earlier than scheduled.
According to Spike Networks' prospectus, 22.5 million shares at $1.45 each were on offer, raising a market capitalisation of over $123 million.
The IPO was the first in Australia to provide an electronic option for the application and payment of shares, using BPay.