Australia's Propell Holdings surges 60% on ASX debut

Propell Holdings

14/04/2021 05:59

** Shares of Fintech Propell Holdings Ltd  PHL.AX  jump as
much as 60% from issue price in ASX debut to A$0.32
    ** PHL says it completed initial public offering to raise
A$5 mln ($3.83 mln) from investors  urn:newsml:reuters.com:*:nFWN2M60VL
    ** Co says IPO comprised issue of 25 mln new shares at a
price of A$0.20 per share, valuing it at A$19.2 mln upon listing
    ** About 9.2 mln shares change hands; shares opened at
A$0.265

($1 = 1.3043 Australian dollars)

 (Reporting by Aditya Munjuluru in Bengaluru)
 ((aditya.srivastsav@thomsonreuters.com))