Dick Smith lifts on debut

Electronics retailer Dick Smith has lifted 4.5% on its debut on the Australian Securities Exchange, making it the biggest float since Myer in 2009.

Electronics retailer Dick Smith has lifted 4.5% on its debut on the Australian Securities Exchange, making it the biggest float since Myer in 2009.

Unlike Myer’s poorly received opening over four years ago, Dick Smith’s stock opened eight cents higher at $2.28, putting its market capitalisation at around $540 million.

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