Business
Aussie Broadband completes impressive first day on ASX – ZDNet
Victoria-based ISP closed at AU$1.91, after peaking at AU$2.20 during the day.
Image: Aussie Broadband
Customers of Aussie Broadband that took up the opportunity to plough up to AU$10,000 into the company could have doubled their money at one stage on Friday.
After selling 40 million shares at AU$1 each during its initial public offering (IPO), of which 10 million were available to customers, the company traded at between AU$1.74 and AU$2.22 during the day. Over 7.8 million shares changed hands during the day.
The oversubscribed IPO process gave the company an enterpr…
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