- Catalano Seafood (CSF) lists on the ASX as it focuses on expanding its operations and national supply footprint
- The company raised over $5 million from its initial public offering (IPO), which saw shares issued at 20 cents each under the ticker code CSF
- The funds are to be used towards its growth plan, which involves the supply of more seafood across Australia and a focus on its Seafood Management System in supermarket settings
- The family run business operates three retail outlets in Perth and stocks 90 independent supermarkets across Western Australia and Victoria
- On its first day of trade, shares dropped 10 per cent to 18 cents each
West Australian seafood company Catalano Seafood (CSF) listed on the ASX today as it focuses on expanding its operations and national supply footprint.
The company raised over $5 million from its initial public offering (IPO), which saw shares issued at 20 cents each under the ticker code CSF.
The funds are to be used towards its growth plan, which involves the supply of more seafood across Australia and a focus on its Seafood Management System in supermarket settings.
Catalano is a family run business with a history dating to the late 1960s with the purchase of a fish and chip shop in Cannington.
It operates three retail outlets in Perth and stocks 90 independent supermarkets across Western Australia and Victoria.
The company employs more than 70 people and has a processing facility in Bassendean.
“The ASX listing is an important milestone for our 50-year-old family business,” Chief Executive Officer Nick Catalano said.
“It is a very exciting time for the whole team, and I feel very proud of what we have achieved so far.
“We look forward to putting WA seafood on the national map.”
On its first day of trade, Catalano shares dropped 10 per cent to 18 cents each at close of business.