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…
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