CBio raises A$7.1M in IPO

CBio Ltd. (ASX:CBZ) raised A$7.1 million ($6.2 million) through the sale of 7.1 million shares at A$1 in an IPO. The price values the company at A$75.9 million ($66 million). Novus Capital was the sponsoring broker for the offering, which was not underwritten. In November, the company filed to raise up to A$30 million ($26.1 million). In December, CBio lowered the minimum amount to be raised to A$7 million ($6.1 million) from A$13 million ($11.3 million). ...