Woodworking equipment distributor, Austro Group (ASO), enjoyed a sparkling debut on the JSE with shares opening at R1.62 - a massive 62% premium on the placing price.
By 10:51, the group's share was quoted at R1.84 after earlier touching a high of R1.90, raising its market capitalisation to just under R600m. The JSE granted Austro approval for listing of up to 328 261 400 ordinary shares in the industrial suppliers sector.
Read more at Fin24.co.za
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