** U.S.-listed shares of Australia's IperionX IPX.O fall 5.1% to over 3-mth low of $24.54 in early Weds trading after $50 mln follow-on priced

** U.S. titanium producer late Tues announced ~2.3 mln American Depositary shares at $21.98 (1 ADS = 10 ordinary shares)

** Offering price represents 15% discount to stock's last close

** Co to use net offering proceeds to expand its titanium campus in Virginia and for continued development of its Camden-Titan project in Tennessee

** Cantor Fitzgerald sole bookrunner

** With the decline, shares down ~32% YTD