The listing of analytical science and devices company Trajan Group has made the founders very wealthy with their near 60 per cent stake valued at over $150 million as the share price climbed on its ASX debut.
Its market capitalisation ballooned to $256 million after the first day of trading on Monday. The stock’s open price was $1.86 and went as high as $2.05 before settling the day at $1.98 – a 16.5 per cent gain. The group’s free float stood at 38.87 per cent of its shares.
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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
