Mader Group enjoys healthy gains on ASX debut

Mader Group enjoys healthy gains on ASX debut

Australia’s largest independent maintenance labour service provider for heavy mobile equipment, Mader Group (ASX: MAD), has wrapped up its first day of trading on the ASX, after having completed a $50 million initial public offer.


Perth-raised Mader completed the IPO last month, with the 200 million shares issued at $1 each valuing the business at $200 million upon listing.

By the close of trade today, Mader shares were worth $1.14 each.

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