Medical technology firm Volpara seeks A$10M in ASX listing, can't predict future profitability

Tue, 29 Mar 2016

By Fiona Rotherham March 30 (BusinessDesk) - Wellington-based Volpara Health Technologies can’t say when it’s likely to become profitable but still aims to raise A$10 million in an initial public offering on the Australian stock exchange. The medical technology start-up is selling 20 million shares at 50 Australian cents each, which will give it a market capitalisation post-offer of A$61 million. The capital raising, underwritten by Morgans, is due to open on April 4 and close on April 15 with an ASX listing on April 27. Volpara is sti...

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