Aroa shares double on ASX debut

Aroa shares double on ASX debut
Dan Brunskill
Shares in Kiwi bio-tech company Aroa Biosurgery doubled when they commenced trading on the Australian Securities Exchange today. The shares surged to as much as A$1.56 and were recently at A$1.345. The listing follows an initial public offering, comprising 40 million new shares at 75 Australian cents and 20 million shares sold down by early investors, which valued the company at A$225 million. Auckland-based Aroa said its A$45 million IPO received solid support from institutional investors and a “strong vote of confidence” from existin...

More Services

PEP seeking payday from UP Education
Finance

PEP seeking payday from UP Education

UP Education is a NZ success story in Australia.

Pattrick Smellie 23 Apr 2025
Auckland accountancy snapped up by Hong Kong firm Acclime
Services

Auckland accountancy snapped up by Hong Kong firm Acclime

It is the second Auckland firm Acclime has acquired in as many years.

John Anthony 11 Apr 2025
Engineering firms lose 1200 people in a year
Services

Engineering firms lose 1200 people in a year

But despite the job numbers, most firms were optimistic about the sector’s prospects.

Staff reporters 09 Apr 2025
Former school lunch provider in liquidation
Law & Regulation

Former school lunch provider in liquidation

Secret Chef stopped trading in December last year.

Michael Neilson 18 Mar 2025