Butn (BTN) has officially commenced trading on the Australian Securities Exchange (ASX) under the ticker code ‘BTN’.
The finance stock debuted on the ASX on Tuesday, July 6, at 10:30 am AEST after successfully closing its initial public offering (IPO).
Butn raised $20 million through the IPO at an offer price of 50 cents per share which gives it a market capitalisation of about $80 million.
The IPO was oversubscribed and received strong support from institutions, retail investors and high-net-worth individuals. Business software company and one of Butn’s platform partners, MYOB Australia, also extended its support and increased its investment in Butn to 19.9 per cent.
The business-to-business (B2B) transactional funding company was founded by joint CEOs and executive directors, Rael Ross and Walter Rapoport.
To read more, please click on the link below…
Source: Butn (ASX:BTN) debuts on ASX after closing $20m IPO – The Market Herald
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Source: https://australianfintech.com.au/butn-asxbtn-debuts-on-asx-after-closing-20m-ipo/
