Aura hits the ASX after closing $3b Qoria merger

The news: US-based digital safety platform Aura officially listed on the ASX at midday on Thursday under the ticker code “AXQ”, marking one of the largest local listings of the year.

The context: The float began trading on a conditional and deferred settlement basis at $6.93 per security, moving Aura to acquire 100% of Qoria’s issued capital.

Aura expects to raise approximately $145 million under its prospectus dated 27 May, issuing around 20 million CHESS depository interests.

This comes after the platform’s $3 billion acquisition of ASX-listed Qoria, which now operates as a wholly owned subsidiary of Aura. Under the approved deal, existing Qoria investors will see their shares convert to positions in the merged entity.