News and Announcements
Aurora Labs: $5m to $60m in Three Months
- Published November 28, 2016 11:25AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
26th November 2016, The West Australian By Nick Sas
Christmas has come early for David Budge. The founder, chief executive and major shareholder of metal 3-D printing company Aurora Labs has seen the value of his small tech outfit jump 1150 per cent since listing on the Australian Securities Exchange in August.
It is the type of share price movement that small cap companies dream of — and for Mr Budge, it is a big pay day.
The Aurora boss owns 43.5 per cent of the company, taking his personal wealth to $59.9 million yesterday. His holding was worth $4.8 million in August.
Speaking to WestBusiness from the company’s Bibra Lake base, Mr Budge said he was as surprised as anyone.
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