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.


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