Steadfast shares soar on listing debut

Insurance broking firm chaired by former QBE chief Frank O'Halloran rallies more than 20%.

Insurance broking firm Steadfast Group has rallied 21% in its debut on the Australian Securities Exchange after raising $333 million in its initial public offering.

Steadfast was trading at $1.40 at 1425 AEST, against a benchmark rise of 0.98%, after listing at midday at $1.15 a share.  

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