Technology-driven plant nutrition company, RLF AgTech (ASX:RLF):
has today commenced trading on the [ASX] under the ticker code ‘RLF’ following a A$8.5 million Initial Public Offering.
Details of the IPO:
The IPO raised A$8.5 million via the issue of 42.5 million shares at A$0.20 per share
A fertiliser company listing in middle of a fertiliser crisis — good timing.
Due to the ongoing conflict between Russia and Ukraine, the price of fertiliser is reaching all-time highs and farmers are struggling to keep up with the cost of production.