My Foodie Box (ASX: MBX) rose 25% on its ASX debut following IPO raising $6m.
My Foodie Box Ltd (ASX: MBX) has debuted on the Australian stock exchange today.
Following an IPO at $0.20/share raising $6 million, shares in the Perth-based meal-kit delivery company soared 25% to close its debut session at $0.25/share.
An increase in listing price is a vote of confidence from the market about the future prospects of the company.
A decrease in the listing price can be interpreted in a number of ways, including whether the IPO was accurately priced.
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