Indoor Skydive Australia Group to take leap on the ASX
Thursday, January 17, 2013 by Bevis Yeo
Indoor Skydive Australia Group (ASX: IDZ) has leapt into the ASX after raising almost $7.4 million from its IPO.
The company plans to construct and operate the only large scale commercial indoor skydiving facility in Australia, which will also be the second of its type in the Asia Pacific region.
Indoor Skydive will begin trading at 11am (AEDT) on Friday 18 January.
The planned facility – to be sited within the Penrith Rugby League Club redevelopment at Penrith – will house one of the largest Vertical Wind Tunnels (VWT) available in the world and will be able to accommodate up to eight professional skydivers, or two amateurs, at a time for training or entertainment.