Perth 3D outfit floats on ASX

Perth-based 3D printer Aurora Labs has successfully floated on the Australian Stock Exchange after raising $2.8m through its IPO in an Australian first.

Aurora Labs debuted its first day of trading at 54 cents per share, rising strongly by almost 25 per cent to close yesterday afternoon at 70 cents.

The 3D printing start up managed to raise $2.8m since launching its prospectus in June, offering 14 million shares at 20 cents each.

[Related: Print startup Redbubble succeeds with IPO]

Aurora began two years ago as a small start-up and is now headed by co-founder and managing director David Budge and executive director Nathan Henry.

The printers it has developed are now at the production stage following an extended beta testing phase of its multi-metal 3D machines.

It now manufactures and sells 3D printers to the global market; including a small format 3D printer with a market value of $50,000. Aurora has also created a prototype for a large format 3D printer.

The owners say cash injections raised by the IPO will be used to bring Aurora printers to the market and to fund further development of larger 3D printers.

Comment below to have your say on this story.

If you have a news story or tip-off, get in touch at editorial@sprinter.com.au.  

Sign up to the Sprinter newsletter

Leave a comment:

Your email address will not be published. All fields are required

Advertisement

Subscribe To Our Newsletter

Join our mailing list to receive the latest news and updates from our team.
Advertisement