CAPITAL MARKETS

Premium debut for Global Iron

CAPE Lambert Iron Ore’s spin-off, Global Iron, has made a stellar start to life on the Australian bourse with the iron ore play listing at almost triple its A20c issue price after raising $3 million in its initial public offering.

MiningNews.Net
Premium debut for Global Iron

The Perth-based company, which was incorporated as a subsidiary of Cape Lambert in May, opened at 56c and soared to an intraday high of 75c before closing at 70c. Global Iron was spun-out of Cape Lambert...

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