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

Zhito Finance APP has learned that Amaero (AMRO.US), which supplies titanium and refractory metal powders for defense and aerospace 3D printing, raised $20 million through a Nasdaq cross-listing by issuing 4.7 million shares at $4.25 per share. The offering price is slightly below its latest closing price on the Australian Securities Exchange, which converts to approximately $4.31.