CropLogic drops 15% on ASX debut

Tue, 12 Sep 2017

By Sophie Boot Sept. 12 (BusinessDesk) - CropLogic, the agricultural technology company, has first traded on the Australian stock exchange at 17 Australian cents, a 15 percent discount to its initial public offering price. The company, which counts Powerhouse Ventures and the New Zealand Venture Investment Fund as shareholders, raised A$8 million in a fully subscribed share offer last month. Christchurch-based CropLogic issued 40 million ordinary shares at an issue price of 20 Australian cents per share, with A$5 million of the capital ra...

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