Local services platform Airtasker (ASX:ART)
has successfully listed on the ASX today at 11:00 am under the code “ART”.
The IPO was more than five times oversubscribed by institutional and retail investors, enabling the company to build a strong register of local fund managers in addition to approximately 3,800 retail shareholders.
Airtasker staff subscribed for over $1.6 million in additional shares, with 45 per cent of Airtasker staff participating in the IPO at an average investment of $22,400.
A select group of Taskers were offered the opportunity to participate in the IPO, with $1 million being subscribed by more than 700 independent Taskers.
Shares in Airtasker (ASX:ART)
are trading 72.31 per cent higher at $1.12.