New tech IPO Felix (ASX:FLX) jumps 24% higher

After a disappointing start to life on the ASX boards on Tuesday, things are looking a lot more positive for the Felix Group Holdings Limited (ASX: FLX) share price today.

At one stage the construction-focused cloud-based enterprise software-as-a-service marketplace platform provider’s shares were up as much as 24% to 43.5 cents.

This compares to a decline of almost 3% for the Felix share price after completing its initial public offering (IPO) yesterday.

What is Felix?

Felix provides a cloud-based enterprise software-as-a-service marketplace platform for the commercial construction and related industries.

It connects contractors and their third-party vendors, automating and streamlining a range of critical procurement-related…