Quadrant-backed APN Outdoor sees shares jump 8% on debut
Shares in APN Outdoor - the Australian billboard advertising business backed by Quadrant Private Equity - jumped as much as 8.6% as the company debuted on the Australian Securities Exchange (ASX).
The stock eventually closed up 4% in a weaker overall market at A$2.65. APN raised A$329.3 million ($289 million) through its IPO, after pricing the offering at A$2.55 per share, the bottom end of the...
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