Business
ASX gains; Nuix’s 60pc debut stars in IPO frenzy – The Australian Financial Review
The Australian sharemarket is up as banks rally and BHP and Rio Tinto rebound. New floats deliver as Maas jumps 20 per cent on debut, while Doctor Care Anywhere…
Investors lucky enough to get stock in Friday’s flurry of IPOs have plenty to smile about with all four of the debutantes trading above their float price.
The float of investigative analytics and intelligence software provider Nuix was highly anticipated and the biggest IPO of the year didn’t disappoint.
Having raised $953 million through the sale of shares at $5.31 each, the stock popped 60 per cent to $8.50 on the open. It traded as high as $9 and was recently fetching $7.76.
Maas Group founder…
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