Pro Medicus rally pushes Echo IQ AI note toward A$1 billion mark
Pro Medicus Limited starts Monday’s session on the ASX after closing at A$188.88 Friday, gaining 1.88% for the day and 9.31% over the week from the previous Friday’s A$172.80. The ASX opens for regular trading at 10 a.m. Sydney time on business days. Pro Medicus shares jumped after it announced the Echo IQ deal, closing at A$178.99 on June 25. By the end of the week, the price was up A$9.89, which meant about A$1.03 billion more in equity value based on 104.47 million shares. That’s around 52 times the proposed A$20 million top-end financing for Echo IQ Limited.