Australia's Stakk gains most in over 11 years on deal with US-based Robinhood Markets

Stakk

18/09/2025 03:15

** Shares of Stakk SKK.AX rise as much as 350% to A$0.027, their highest point since August 18, 2022

** Stock posts its biggest intraday pct gain since July 4, 2014

** The banking software company secures a 2-year master services agreement to deliver its embedded finance solution to U.S.-based Robinhood Markets Inc

** Says the revenue Stakk will generate under agreement depends on the success of Robinhood's new banking offering

** Around 219.3 million shares change hands, 177.2x the 30-day average volume

** SKK last up 300%, lifting YTD gains to 242.9%

 (Reporting by Shruti Agarwal in Bengaluru)

 ((Shruti.Agarwal@thomsonreuters.com))