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Aurora Labs Share Price Soars Since Listing Last Week
- Published August 24, 2016 3:21PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
22nd August 2016, AFR by Trevor Sykes
Float of the Week
To Aurora Labs (A3D) whose 20¢ shares were listed on August 16 and by August 18 had soared to 90¢. The company raised $2.8 million to pursue innovative proprietary technologies for 3D metal printing.
Three-dimensional printing? According to the prospectus, a 3D image is processed into digital slices, which are fed sequentially into a printer. Then lasers lay down layers of print corresponding to the images received.
It all sounds highly fictional to me, but the punters must believe it because in two days of listing A3D was a four-bagger.
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