ASX healthcare stock debuts at a massive discount to its initial public offer price
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Shares in Saluda Medical, Inc (ASX: SLD) have opened sharply lower than the initial public offer price on its first day of trade on the ASX.
The company’s shares were trading at $1.59 mid-morning, well below the $2.65 price at which they were offered to new shareholders.
Saluda Chief Executive Barry Regan said in a statement issued to the ASX that the listing was a significant achievement for the company.
Today marks an important milestone for Saluda Medical and the patients whose lives we aim to transform through objective, personalised neuromodulation. We are pleased with the momentum in the first months of FY26, and we remain on track to meet our full-year guidance. The strength of our clinical evidence,…
