SEK 0.80% $25.21 seek limited

great debut

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    Closed at $2.30....any holders?

    Sydney - Tuesday - April 19: (RWE Australian Business News) -
    Online recruitment agency SEEK Ltd (SEK) made its sharemarket debut this
    morning, opening at $2.15, falling to $2.13 and improving to $2.22.
    In the first 10 minutes more than 10.6 million of the 280.2
    million shares on issue were traded.
    The SEEK float closed heavily oversubscribed with the final
    price set by institutional bookbuild at $2.10 a share.
    "We are delighted with the strong interest in the offer, which
    reflects the market support for SEEK's ability to continue to be the
    leader in the online employment market in Australia and New Zealand,"
    chief executive Mr Paul Bassat said.
    Demand from more than 75 Australian, New Zealand, Asian and
    other international institutions resulted in a high-quality share
    register, with institutions being allocated over 70 per cent of the
    offer, brokers said.

    On my watch list to buy if market falters.
 
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