Business
The Hipages (ASX:HPG) share price jumped 16% after its IPO // Motley Fool Australia
The Hipages Group Holdings Limited (ASX: HPG) share price has had a mixed start to life as a listed company.
This morning the tech company’s shares landed on the ASX boards following the completion of its initial public offering (IPO) that raised $100.4 million at $2.45 per new share. This gave Hipages a market capitalisation of approximately $318.5 million.
In early trade, the Hipages share price climbed as much as 16% to $2.85. However, it has since given back these gains and is currently trading flat at $2.45.
What is Hipages?
Hipages is a leading Australian-based online platform and software as a service (SaaS) provider that connects tradies with residential and commercial consumers. It currently has 36,000 tradies subscribed…
-
Noosa News23 hours agoInside the illegal tobacco trade —secret rooms, fire bombings and bags full of cash
-
Business23 hours agoHow to build a balanced ASX portfolio for the next decade
-
Business21 hours agoThese ASX 200 shares could rise 15% to 20%
-
Business20 hours agoEvery ASX 200 sector closed in the red last week. Here’s why