Iron Road IPO Review: Iron Ore IPO: Finance Trading Times

Iron Road IPO Review: Iron Ore IPO

One relatively small iron ore company of Australia is planning to come out with an IPO or Initial Public offering. Iron-Road-IPO
The company is Iron Road Limited is expected to collect something in the range of $5 million ahead of its planned listing on the Australian stock exchange. The Iron Road IPO is expected in June 2008.

When will the Iron Road IPO open?
The Iron Road IPO will open on Monday, April 28 till May 26

What is the size of Iron Road IPO?
The Iron Road IPO plans to sell around 25 million shares.

What is the price of the Iron Road IPO shares?
The shares of Iron Road IPO will be offered at a price of 20 cents each.

When will the shares of Iron Road IPO be listed on the Australian Stock exchange?
The shares of Iron Road IPO will be listed on 9th June

What is the business valuation of Iron Road IPO ?
As per the SMH News, the iron ore assets of diversified South Australian explorer Adelaide Resources Ltd have been sold into the soon to be floated company, so it can focus on its copper, gold, mineral sand and uranium prospects in SA and the Northern Territory.

Former Shell, Santos and Telstra executive Dr John McKee will chair Iron Road.
The company's most promising asset is its wholly owned Warramboo iron ore project on the Eyre Peninsula in SA, where iron grades of 70.4 per cent have been encountered.
The company has earmarked $2.4 million for exploration at the project in the first two years. The IPO is scheduled to close on May 26 and no oversubscriptions will be accepted, ahead of a planned June 9 listing. Table of Contents
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