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…