Aerospace metal powder supplier Amaero (AMRO.US) IPO priced at $4.25 per share, fundraising amount reduced to $20 million

According to Zhihui Finance APP, Amaero (AMRO.US), a supplier of titanium and refractory metal powders for 3D printing in defense and aerospace, has raised $20 million by issuing 4.7 million shares through a Nasdaq cross-listing at a price of $4.25 per share. This offering price is slightly below its most recent closing price on the Australian Securities Exchange, which is approximately $4.31 after conversion.