Opening day bounce for tech company SLI
Christchurch-based technology company floats well on the NZX.
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Website software developer SLI Systems (NZX: SLI) has bounced in early trade on its opening day on the NZX.
The Christchurch-based company, whose investors include Trade Me founder Sam Morgan, lists today after a $27 million IPO.
In early trading, shares are up 16% on the $1.50 offer price at $1.74.
Trade of more than 900,000 shares before midday might reflect the fact many private investors found it hard to get SLI shares, after oversubscription by institutions.
David Williams
Fri, 31 May 2013
Fri, 31 May 2013
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Opening day bounce for tech company SLI
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