Spotless shares rise 9% on ASX relisting

On the first day of trading after a break of almost two years from the ASX boards, shares in the outsourcing company soared after its IPO of almost $1bn was seven times oversubscribed.

Shares in Spotless (SPO) rose 9.1% in their first day of trading following a $994.6 million initial public offering.

At 1201 AEST Spotless shares were up 15 cents at $1.75 compared to their IPO price of $1.60 a share.

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