New IPOs and commencement of listings - Ragnar Metals Limited and MLG Oz Limited IPOs; Delorean Corporation and Island Pharmaceuticals commence listing

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Good morning IPOwatchers, it’s a big update for today as a lot of new IPOs land and a couple new companies have their ASX debut!

First up on the new block for new IPOs is Ragnar Metals Limited, a Western Australia based resource explorer with a portfolio of nickel, copper and gold projects held in Sweden. The Company’s Swedish tenements are located in the Bergslagen mining district, to the west of the major city of Uppsala (population 177,000) in central Sweden. The Company’s Swedish Tenements are at an early stage of exploration.

Ragnar Metals are hoping to raise $5,500,000 at an issue price of $0.02 per share. The offer opened on the 7th of April and will close on the 21st of April. The shares are expected to reinstate on the ASX on the 30th of April.

Ragnar Metals are hoping to raise $5,500,000 at an issue price of $0.02 per share

Ragnar Metals are hoping to raise $5,500,000 at an issue price of $0.02 per share

Also new to the IPO scene is MLG Oz, also Western Australia based but with a focus on mining site services rather than mineral exploration.

MLG’s offering includes crusher feed, road maintenance, rehabilitation work, vehicle maintenance, machine and labour hire and mine site haulage. MLG’s site service offering has expanded over time to incorporate further services that are considered non-core but still essential to the day-to-day activity of the mine, and MLG currently operates across 29 sites throughout Western Australia and the Northern Territory.

MLG Oz are hoping to raise $70,700,000 at an issue price of $1.00 per share. The offer opens today and will close on the 22st of April. The shares are expected to commence trading on the ASX on the 4th of May.

MLG Oz are hoping to raise $70,700,000 at an issue price of $1.00 per share.

MLG Oz are hoping to raise $70,700,000 at an issue price of $1.00 per share.

Onto commenced listings!

Two companies have listed this week so far; Delorean Corporation Limited, which listed yesterday and Island Pharmaceuticals Limited which lists today.

Delorean Corporation Limited aimed to raise $14,000,000 at an issue price of $0.20 per share, and Island Pharmaceuticals aimed to raise $7,500,000 at an issue price of $0.25 per share.

Stay tuned for more updates tomorrow and later on in the week IPOwatchers!