Melbourne IT floats to the top

Melbourne IT floats to the top

Domain name registry Melbourne IT has had a spectacular listing on the ASX yesterday, opening at $8.209, almost four times its issue price of $2.20.

Within the first few minutes of trade the shares climbed to $9.10, and around 1.67 million shares had changed hands.

The shares were trading at $7.30 at midday yesterday.

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