SHARES in retail website operator iBuy closed more than four per cent above their issue price on their first day of trading on the Australian Securities Exchange.
iBuy finished trading on Friday at 33.5 cents, 1.5 cents or 4.69 per cent, above their issue price of 32 cents.
The company traded within a range of 32 cents to 35.5 cents.
More than 14 million shares changed hands.
iBuy listed on the ASX after raising $37 million in a public offer of new shares.
iBuy will use some of the funds raised to finalise the acquisition of four e-commerce businesses in Hong Kong, Singapore and Malaysia that specialise in "flash sales" - online sales of goods and services to the public at discounted prices for a limited time.
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