ASX debutant Delorean (ASX:DEL) soars over 80% higher

Company News

by Michael Luu

Renewable energy developer Delorean Corporation (ASX:DEL) was tracking over 80 per cent up around 3pm on its Monday debut on the ASX

The start-up specialises in converting organic matter into power sources for renewable energy projects. The ASX debutant racked up $14m at an issue price of 20 cents through its initial public offering.

Delorean Corporation (ASX:DEL) started trading at 37 cents and was trading 38.5 cents at 3.45pm.