Business
Mad Paws (ASX:MPA) IPO hooked Qantas and Airtasker
One small cap’s initial public offering (IPO) today got the attention of Australia’s market bigwigs but managed to slip under most market watchers’ radars.
Mad Paws Holdings Limited (ASX: MPA) is enjoying its first day on the ASX today. Particularly, as its pre-IPO investors included ASX heavyweight Qantas Airways (ASX: QAN) as well as Airtasker Ltd (ASX: ART) founder and CEO, Tim Fung.
We don’t know much about Mad Paws’ ASX listing as yet. Though, we do know it has a market capitalisation of around $45 million. And also that its IPO, which raised $12 million, was more than four times oversubscribed.
The IPO was made up of high quality institutional and sophisticated investors and a number of retail shareholders. Also…
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