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HarvestRoad Makes a Steady Debut

Published by: cfz 2008-12-01

Perth-based Internet software developer HarvestRoad witnessed a steady debut on the Australian Stock Exchange yesterday.

The company's shares began trading at AUD$0.63, fell to a low of AUD$0.57 before closing at AUD$0.60.

The IPO raised AUD$7 million for the company and a further AUD$1 million in over subscriptions. The IPO was heavily over-subscribed as the West Australian Web tools developer closed off the IPO six days early due to heavy demand.

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