MAD peaks at 25% on debut.

With 14yrs of operation under its belt, good financial results and solid backing by Bell Potter, we were confident this one would go well and it did - hitting $1.25 before closing out the day at $1.14 per share.

As at 9:20am, the sell side does look a little more stacked today though so we wont be surprised to see some of those gains given back in early trade this mornining, not at all uncommon.

As this one wasn’t about raising capital, funds from the offer were primarily to allow exosting share holders to partly realise the gains from their early investment.