OzForex shares jump on debut following $416m IPO
OzForex Group - an Australian online foreign exchange services provider backed by The Carlyle Group, Accel Partners and Macquarie Group - saw its shares jump nearly 30% on its first day of trading following a A$440 million ($416 million) IPO.
The stock reached A$2.59 apiece on Friday, a 29.5% premium to its issue price of A$2 a share. As of afternoon trading on Tuesday, the stock was at A$2.79. The IPO - Australia's largest of the year -...
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