PINCHme debut proves painful for rich backers

Original article by Ben Butler, David Swan
The Australian – Page: 17 & 27 : 25-Oct-18

Shares in PINCHme closed at $0.39 on 24 October, after the stock listed at $0.50. The data harvesting firm’s IPO raised $8m, and it was originally slated to list on the Australian sharemarket in September. However, the ASX had asked the company to disclose additional information to investors. PINCHme supplies consumers with free product samples in return for a range of personal data, and its panel members’ feedback is provided to the brands’ owners. PINCHme currently only operates in the US, and it has no immediate plans to establish operations in Australia.

CORPORATES
PINCHME.COM INCORPORATED – ASX PIN, EVEREST BABCOCK AND BROWN INCOME FUND, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, NESTLE SA, PROCTER AND GAMBLE COMPANY, TOLL HOLDINGS LIMITED, LJCB HOLDINGS, STERNSHIP, UBS HOLDINGS PTY LTD

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