Australia's Urbanise.com surges on winning contract from NAB

Urbanise com

19/05/2025 03:35

** Urbanise.com UBN.AX jumps as much as 16.4% to A$0.815; marks largest intraday pct gain since mid October 2024

** Cloud-based Software-as-a-Service provider enters into commercial agreement with National Australia Bank NAB.AX to develop data and payments integration services for Australian strata customers

** Says NAB bought 15% of co's share capital via placement

** More than 54,000 shares traded, 5x the 30-day avg

** UBN last up 10%, takes YTD gains to 75%

 (Reporting by Nikita Maria Jino in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com;))