Business
Propell (ASX:PHL) share price flying 18% on ASX debut
The Propell Holdings Ltd (ASX: PHL) share price opened 40% higher at 28 cents following the company’s initial public offering (IPO) this morning. The company had a listing price of 20 cents per share with an indicative market capitalisation of $19.2 million.
In earlier trade, Propell shares jumped to an intraday high of 31 cents before retreating to their current level of 23.5 cents each, up 17.5% for the day so far.
The IPO will raise a combined $6 million for the company to pursue its growth strategy.
Propell share price off and racing
The Propell share price got off to a roaring start today with the company’s successful listing on the ASX. Propell operates in the alternative finance and payments markets, as a digital…
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