OzForex surges 30% on debut

The online foreign exchange services provider was in heavy demand when it began trading this morning.

OzForez (OFX) has opened 30% higher on its first day of listing on the Australian Stock Exchange, making it the year's biggest float in what is set to be a burst of inital public offerings (IPO) for the rest of the year.

Shares in the online foreign exchange services provider began trading at $2.59, 59 cents above its IPO price, before slipping to $2.53 at 1210 AEDT.

This puts the market capitalisation of the company at around $607.2 million.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles