APIAM ANIMAL HEALTH LIMITED IPO AND A$40 MILLION RAISING WITH A MARKET CAP OF A$98.5 MILLION
Apiam Animal Health Limited (Company) was admitted on the Official List of ASX Limited on Tuesday 15 December 2015. The Company raised A$40 million in an initial public offering by the issue and sale of 40 million shares at $1 a share, resulting in a pro-forma market capitalisation of A$98.5 million.
The company was founded in 1998 and in the past 17 years Apiam has evolved into a vertically integrated animal health business providing products and services to production and mixed animals.
The company provides veterinary services to about 35% of the pig industry, 50% of the beef cattle feedlot industry and 25% of the dairy cattle industry.
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