Will Rua Bioscience spark more NZX cannabis entrants?

Thu, 22 Oct 2020

Rua Bioscience was trading at 69 cents from its 50 cent listing price within a few hours of becoming the first NZX public listing of the year.The second medicinal cannabis company after Cannasouth to head to the NZX had raised $20 million in its initial public offering earlier this week.The oversubscribed IPO saw 10 million of the 40 million shares allocated through a priority offer to Tairāwhiti residents and Waiapu Investments shareholders.Lead manager Northington Partners reported about 86 percent of those applicants had received their share...

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