Why you should invest in Airtasker NOW as their shares increase 53 per cent
- Airtasker shares on Tuesday were trading higher by 53.08 per cent to 99 cents
- They had fetched a high of $1.16. Shares sold for 65 cents each in the initial offer
- Company’s listing was scheduled for Monday, but errors at the ASX delayed it
Shares in Airtasker, the online services directory, have soared on its market debut as its chair ruled out seeking damages over an ASX error which delayed the listing.
Airtasker shares on Tuesday were trading higher by 53.08 per cent to 99 cents at 2.06pm AEDT.
They had fetched a high of $1.16.
Shares sold for 65 cents each in the initial public offer.
Shares in Airtasker, the online services directory, have soared on its market debut as its chair ruled out seeking damages over an ASX error which delayed the listing (stock image)
The IPO raised $83.7 million from institutional and retail investors.
The company’s listing had been scheduled for Monday, but a human error at the ASX caused it to be delayed to Tuesday.
Chair James Spenceley was in a forgiving mood.
‘It definitely cost us money and with the moving of the event, a lot of people couldn’t come,’ he said.
Airtasker has offices in Ireland, New Zealand, Singapore, the UK and the US (stock image)
He said lawyers for Airtasker pushed the market operator over the weekend to explore every possibility of listing on Monday, but to no avail.
‘Everyone makes mistakes. The ASX stepped up and owned the problem,’ he said, and confirmed no legal action would be action.
The company will use the funds raised from investors to help expand overseas.
Airtasker has offices in Ireland, New Zealand, Singapore, the UK and the US.
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