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Global Lithium (ASX:GLA) share price rockets 50% following IPO

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The Global Lithium Resources (ASX: GL1) share price has hit the ASX board running following the successful completion of its IPO today.

At the time of writing, the lithium developer’s shares are changing hands for 30 cents. This is 50% higher than its IPO listing price of 20 cents.

The Global Lithium Resources IPO

Global Lithium has landed on the Australian share market on Thursday after raising $10 million via a heavily oversubscribed IPO.

The Pilbara-focused lithium explorer raised the funds via the issue of 50 million shares at a price of 20 cents per share.

Combined with the remaining 81.4 million shares on issue, this gave the company a market capitalisation of $26.4 million at listing.

Following today’s strong rise in the…



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