Ozforex shares surge on first day

The international payments company’s stock has fund managers scrambling for a piece of it.

Shares in international payments company Ozforex Group Ltd opened with a bang on their first day of trading.

Ozforex shares first traded at $2.59, up almost 30 per cent from the company’s IPO price of $2, or 21.7 times its 2014 forecast net profit, according to stock brokers Ord Minnett.

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