This week's Bulls N' Bears Runner of the Week is … Merino & Co. The Perth-based branded lifestyle clothing and accessories business caused a stir following its ASX debut just last week. Hitting the boards for the first time at 20c per share the company surged to $1.50 this week, some 650 per cent, prompting some please explains from the ASX overlords.
Clothing manufacturer Merino & Co has joined the ASX, ringing the bell to open trading as one of rare cohort of Perth-based companies to take the IPO journey this year.
Wool garment manufacturing might seem like an unlikely IPO in this day and age, but a Perth-based company has its sights set on an ASX listing this month.
