Okapi Resources investors celebrated yesterday as the gold explorer finished its first day on the ASX at a 68 per cent premium.
Chaired by Klaus Eckhof, the stock (ASX: OKR) — which raised $5 million in an initial public offering — was one of the best performers on the ASX yesterday.
Okapi skyrocketed as high as 34c, up 70 per cent on its 20c issue price, before cooling slightly to close at 33.5c with 1.8 million shares changing hands.
The IPO was well over-subscribed, issuing 25 million shares at 20c per share for a market cap of around $6.4 million.
ARD Price at posting:
3.2¢ Sentiment: Hold Disclosure: Held
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