GeoOp latest tech darling as shares soar on NZAX debut

Wed, 30 Oct 2013

Oct. 31 (BusinessDesk) – GeoOp, whose software allows small businesses to manage their workforce, soared 140 percent in its debut on the NZAX after it sold shares in a private offering, raising $10 million to fund its global growth. The shares first traded at $2.40, having sold at $1 apiece in an offering the company says was more than three times oversubscribed, and has been volatile in trading since then, trading as low as $1.38, before settling at $2, valuing the company at $54.5 million. That compares to a listing value of about $27 mill...

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