Shares in Barry Lambert's Ecofibre surged 70 per cent in their debut on Friday at the Australian Securities Exchange, giving the maker of hemp products a market value of more than $500 million.
Shares with the ticker code EOF opened at $1.61, up on the initial public offering price of $1 per share. They got as high as $1.75 per share and as low as $1.45. They closed at $1.70.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
