REFFIND Ltd (ASX:RFN) shares have soared after completing an $8 million Initial Public Offering via the issue of 40 million new shares at $0.20 per share.
The smart phone employee engagement app firm's share price has risen to $0.345. Trading volume is still strong today at 1.2 million shares traded after 15 million shares were traded on Friday 10 July.
Chapmans (ASX:CHP) has a 7.2% ‘look-through’ interest in REFFIND, by virtue of its 15% holding in leading Australian technology commercialisation company, Digital4ge.
REFFIND has developed a smartphone application for use by medium-to-large corporations to foster more efficient and effective communication with employees.
Proceeds from the IPO will be used to fund an imminent expansion into the U.S.A plus accelerate sales, marketing and systems development.
News: REFFIND Ltd finds friends after ASX listing
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| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 0.3¢ | 9369975 | 5 |
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