Airtasker (ASX:ART) launches on the ASX

Company News

by Rachael Jones

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.
 

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.