SYDNEY - Online recruitment company SEEK Ltd. (SEK.AU) debuted on the Australian Stock Exchange at A$2.15 a share Tuesday, a 2.4% premium to its initial public offering price of A$2.10.
Three minutes after debuting at 0100 GMT, the stock was trading at A$2.16 and 6.05 million shares had changed hands.
The stock had been scheduled to list Monday but was delayed for what the lead manager Macquarie Equity Capital Markets said was technical reasons.
Of the A$162.3 million raised from selling 77.3 million shares, A$137.3 million was used to fund the buyback of 65.4 million shares from existing shareholders and A$25 million was raised by the company from the issue of 11.9 million new shares.
The shares were marketed in an indicative range of A$1.80 to A$2.20.
Australias SEEK Lists On ASX At A$2.15/Share
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