Credible Labs Status
The company raised AUD 51.9 million in its initial public offering on the Australian Securities Exchange under the ticker symbol of CRD on December 8, 2017. A total of 55,361,275 CDI shares were sold at at a price of AUD 1.21 per CDI share. After the offering, there was a total of 253,052,775 outstanding shares (excluding the over-allotment option) priced at AUD 1.21 per CDI share, valuing the company at AUD 306.19 million. The total proceeds, before expenses, to the company was AUD 51.88 million and to the selling shareholders was AUD 15.1 million. In the offering, the company sold 42,881,650 CDI shares and the selling shareholders sold 12,479,625 CDI shares.