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Develop Global Limited ( (AU:DVP) ) has provided an update.
Develop Global Limited has successfully raised approximately $180 million through the issuance of 40 million new fully paid ordinary shares at $4.50 each. This strategic move, announced on June 25, 2025, allows the shares to be traded immediately under the exemption provided by section 708A(5) of the Corporations Act, enhancing the company’s financial flexibility and market positioning.
The most recent analyst rating on (AU:DVP) stock is a Buy with a A$3.50 price target. To see the full list of analyst forecasts on Develop Global Limited stock, see the AU:DVP Stock Forecast page.
More about Develop Global Limited
Develop Global Limited operates in the mining industry, focusing on the production and development of mineral resources. The company is engaged in the exploration and extraction of valuable minerals, positioning itself as a significant player in the market.
Average Trading Volume: 1,457,485
Technical Sentiment Signal: Buy
Current Market Cap: A$1.38B
Find detailed analytics on DVP stock on TipRanks’ Stock Analysis page.