- ASX200 closed 0.6% higher on Tuesday at 7066.
- Audeara struggled on ASX debut after an IPO at 20c/share raising $7m.
- Best & Less as the iconic Aussie budget retailer prepares for $72.3m IPO.
The Australian market continued its green streak to a second straight session, closing Tuesday up 0.6% at 7066 fuelled by strong gains for the Mining and Resources sectors.
The tech sector gained momentum in afternoon trade, closing the session 0.5% higher as Nuix skyrocketed nearly 13% and Computershare soared 4.23%.
Bitcoin continues to climb this afternoon, trading 1.18% higher at US$45,643.97 at 4:15pm AEST.
Australian-based audio technology company Audeara struggled on its ASX debut today after an IPO at 20 cents per share and raising $7m constituting 33% of the company. Shares fell 15% on debut to 17 cents per share and closed the session down 12.5% at 17.5 cents per share. The funds raised will be used for expansion in Australia and the delivery of new products to the market.
Making headlines, iconic Australian budget clothing retailer Best & Less is looking to raise $72.3m for its IPO at $2.15/share, to list publicly with a market capitalisation of $271.2m. Best & Less boasts 245 physical stores across Australia and New Zealand with plans to open another 25 in the next three years, whilst also selling through online channels.
And some pet lovers have bought Apple?s new AirTag to track their pets by placing the tag in a pendant on the dogs collar.