Revasum fails to generate demand at open.


Technology manufacturing company Revasum (RVS) has disappointed investors in early trade, joining the ASX at 12pm today. Starting 7.5% down for a loss of 15 cents per share, the initial spread indicated there may be worse to come.

Based in San Luis Obispo, California, Revasum designs, manufactures and markets a portfolio of semiconductor processing equipment that allows other manfucators to produce a variety of products used in a range of current technologies.

Funds from the IPO will allow the company to expand its product portfolio, with 2 new offerings set for release in 2019.

The oft mentioned rule of never investing in something you don’t understand might hold Revasum back initially, but we’re thinking this one might be a slow burn.