SILK Laser (ASX:SLA) share price up 6% after completing IPO

The SILK Laser Australia Limited (ASX: SLA) share price has hit the ASX boards running this morning following the successful completion of its initial public offering (IPO).

The laser, skin care, and cosmetic injections company’s shares are currently changing hands for $3.65.

This is 6% higher than the SILK Laser listing price of $3.45 per share.

The SILK Laser IPO.

SILK Laser has landed on the Australian share market on Tuesday after raising $83.5 million at $3.45 per share through its IPO. This gave the company a market capitalisation of $162.5 million.

According to its prospectus, some of the proceeds from the IPO will be used to execute SILK’s growth strategy. This strategy includes organic growth within existing clinics,…