Aussie unicorn hotel-booking firm SiteMinder has successfully joined the likes of WiseTech and Xero as leading software stocks on the ASX, after shares popped 39 per cent on its first day of trading, soaring from an offer price of $5.10 to close at $7.10.

SiteMinder listed on Monday morning under the ASX-ticker “SDR”, after raising $627 million to list with a $1.36 billion market capitalisation. It closed the day worth $1.88 billion.