BUZZ - Amaero rises slightly on its first day of trading on Nasdaq after completing a $20 million IPO in the United States

October 15 - ** US-based high-value-added refractory materials and spherical titanium alloy metal powder producer Amaero (AMRO.O) saw its shares rise 1.7% to close at $4.32 on its first day of trading on Nasdaq after completing a $20 million US initial public offering (IPO)

** The stock opened at $4.10 per share, below the IPO pricing of $4.25, valuing the company at $117 million

** AMRO sold 4.7 million shares in the IPO, which was postponed last month due to unfavorable market conditions (link)

** Baird acted as lead underwriter; Lake Street as joint lead underwriter

** AMRO’s manufacturing base and company headquarters are located in Tennessee

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