OzForex Group Shares Increase 28% on Trading Debut in Sydney
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OzForex Group Ltd., which raised about A$440 million ($416 million) in Australia’s largest initial public offering this year, rose 28 percent in its first day of trading on the Australian Securities Exchange.
Shares in the Sydney-based online foreign exchange company climbed to as much as A$2.67 in initial Sydney trading compared with the A$2 that investors paid for the stock in the IPO. They closed at A$2.56, while the benchmark S&P/ASX 200 index climbed 1.6 percent.