Business
Airtasker surges 78pc on debut – The Australian Financial Review
Airtasker founder Tim Fung’s 12.7 per cent stake leapt in value to $52 million, but he chose to focus on the long term rather than how the company performed on…
On Tuesday the company went public with a market capitalisation of $255.4 million, after raising $83.7 million. By the end of the day, it was valued at $412.5 million.
Eleanor Swanson, an analyst with Firetrail Investments Australian Small Companies Fund, bought into the IPO and she said the first day boost was even greater than she was expecting.
Were incredibly pleased. Its definitely above our expectations, but then again were not surprised because its quite a well-known household name and it…
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