Count Financial shares debuted on the Australian Stock Exchange at a 38 per cent premium to its 40 cent listing price.
The shares hit the market at 1100 am at 55 cents and by 1118 AEDT were trading at 58 cents. Count issued 20 million new shares at 40 cents each to raise $8 million as well as offering 80 million sale shares from selling shareholders. At the 40 cent offer price the company has a market capitalisation of $88 million and 220 million shares on issue.
Count also offered a priority application for its franchisees as well as a franchisee and employee options plan as an incentive for the group’s planners and support staff. The offer was underwritten by Dickson’s.
